Get started
CFDs on Crude Oil (WTI)
Short

USOIL - Three Drives Pattern potential, Back to $44 and maybe 38

By psulion08
Updated
I believe USOIL is going back to $44 and then to $38 is very possible by sometime in July to August. Just an idea.
Comment
Moving down like it should. Was hoping it would go slowly. Was going to buy another leg down. Need to wait for another pullback
Comment
Here is the current channel blown-up compared to my chart snapshot
Comment
Looks like one more leg down and then watch for reversal
Comment
Leg down continued to bottom of the trend. Nice move if you are still holding from around $50
Comment
updated channel chart snapshot
Trade closed: target reached
T1 reached, $44, now we watch and see if it continues trend or works it's way back up following the trend to the upside
Comment
Updated chart, added some more information snapshot
psulion08

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.