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Expandingflat

$WTI Daily Chart.More downside, Eyes 36.00 | #crude #oil #USOilTraders, USOIL corrective structure A-B-C (circle) since 09.06.2016 is close to ending, after a last drop, when C-wave (circle) completes as an expanding ending diagonal. A-B-C (circle) possible expanding flat corrective structure pattern. 1- Wave-A (circle) developed into a ZigZag pattern, internal 5-3-5 structure ending at 39.23 2 - Wave-B (circle) developed into a ZigZag pattern, internal 5-3-5 structure ending at 55.21, right on 23.6% fib extension of wave-A(circle) 3 - Wave-C (circle) possible expanding ending diagonal, internal 3-3-3-3-3 structure, targeting 36.00(+/-), where 23.6% fib extension of wave-A(circle) is, 61.8% fib retracement of 1-5(circle) impulsive motive and also it's where (i) to (iii) equals (iv) to (v). Another close target could be where 4-wave's (circle) low is (35.27). After completing this downside, watch for the next uptrend start, and buy the next (C) wave. Trade with discipline. Best
TVC:USOILShort
by ChrisMark
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