Trading setup for usoil (2016-08-09)

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USOIL met a big resistance at upper line of the decline channel and was rejected back yesterday. It forms a nice short setup if it breaks down the sharp rising channel.

Good luck for everyone!

No confirmation, no trading!

Notes: if it breaks out of the decline channel, this setup will be invalid!
Nota
It seems that it got supported from the rising channel. This setup might be invalid. I will open long if it breaks out of the decline channel.
Dagangan aktif
Double top formed.
Nota
The double top neckline was broken. Nice progress!
Dagangan ditutup secara manual
Choppy oil~~~
Dagangan aktif
Nota
Triple top formed!
Nota
Nice progress! The triple top neckline was broken!
Nota
TP1 was touched! 41.8 was broken. I move the SL to 42.28.
Nota
Half of position was closed. The remaining SL moved to 42.17.
Dagangan ditutup: sasaran tercapai
analysisElliott WaveParallel ChannelsetuptradingCrude Oil WTI

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