In this video I highlight what could be the very start of Wave E down in WTI Crude.
This could be the very last corrective wave before the start of the next bull market.
This would mean that the trading plan for USOIL is going short to book a profit and then prepare for a long position after a bounce.
The one thing I won't mention in this video are the insane levels prices could reach in the future.
That is a topic for another video.
Critical Resistance for this idea is at $82.60.
You can either short at the open or wait for a break of support at $70.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
This could be the very last corrective wave before the start of the next bull market.
This would mean that the trading plan for USOIL is going short to book a profit and then prepare for a long position after a bounce.
The one thing I won't mention in this video are the insane levels prices could reach in the future.
That is a topic for another video.
Critical Resistance for this idea is at $82.60.
You can either short at the open or wait for a break of support at $70.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
