Long USOIL: Wolfe + Shark + December Pivot

USOIL could potentially complete a bullish Shark in the PRZ of a bullish Wolfe wave setup. The targets for both patterns align precisely with the unhit pivot for December, 2015. SL is placed at 113% retracement of the shark CD leg.

Confluence in the PRZ:

• Bullish shark pattern completion
  
• 2BC projection
  
• 1.5AB=CD completion
  
• Bullish Wolfe wave setup
  
• Unhit monthly pivot for December, 2015 above price
  
• Bearish USDCAD patterns setting up on same TF (see related ideas)
  

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Handel aktiv

Kommentera:

Rebounding nicely!