Trend changes in USOIL for long term:wait for the better price

FX:USOIL   原油差價合約(WTI)
A huge head and shoulder bottom is formed from 2015-2017. Now oil price moves up and breaks the neckline. It means that if the pattern is not breaked, the oil will have a bullish way to go. A lot of institution expect OPEC meeting in Nov will extend the expiry data of arrangement;Saudi anti-corruption operation;----all of this contributes to oil price action now.

I am waiting for the long oppournity, I hope the price can pull back to the neckline. For the target, I won't expect oil can reach 85 USD. I draw a potential butterfly , B point is 78.6% retracement of XA leg. The the final potential reverse zone is expected to be the 1.272*XA and 2.618*BC. Watch the price action around 70, it's a support&resistance area from 2010-2012. This is my target

I am not using harmonic pattern to trade in this chart, I am using it to find the target area of bullish trend . I trade oil by head and shoulder bottom in this time

Thanks and good luck
評論: New thoughts in Oil:
評論: power to go to neckline
歡迎關注公眾號:TradingDiDi市场分析 不薦股謝謝!
Great work mate,

Nice chart (:

But do you have information about the volumes?
Because above one day frame chart, I don not see the volumes.. strange..
However , if it is h&s you should notice a decrease in volumes along pattern formation on weekly time frame untill the breakout, is it the case? Could you share a snapshot of the volums along with prices please?
Thanks advance !
@jolu, Nice thought!
jolu yitiancai
@yitiancai, Thanks, Do you have the volumes which you can share by a snapshot please?
@jolu, can you see it?
jolu yitiancai
@yitiancai, I got it , thank you very much!
I am not in front of my pc now.. I will look at it as soon as possible and let you know my thoughts
jolu yitiancai
@yitiancai, I see it now Thanks! Volumes didnt increase with breakout..
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 價格 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表解決方案 幫助中心 功能請求 部落格 & 新聞 常見問題 維基 推特
概述 個人資料設定 賬戶和賬單 TradingView幣 我的客服工單 幫助中心 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出