Crude Oil - The Sinking Titanic Pattern

Updated
Crude Oil (WTI) has broken through the support trendline.

Things are looking bearish, and I am expecting a major drop in Oil.
Note
snapshot
Note
snapshot
Trade active
Preferably, a breach in an impulsive bearish move would start.

snapshot

However, if the C leg of (B) (red) comes, then it will provide a better entry.
Note
Getting ready for a very big drop on WTI.

snapshot
Note
OIL shorters gathering ammo.

snapshot
Trade active
Bears chance here to crash WTI.

snapshot
Note
snapshot

Short OIL - BIG Swing - WHEN WTI LOST
Note
snapshot
breakoutCommoditiesCrude OilcrudeoilforecastElliott WaveoiltradingOscillatorsTrend LinesTrend Line BreakWTIwtitrading

Also on:

Related publications

Disclaimer