Sell Orders | WTI Crude Oil | Swing | Q3-Q4 2020

Sell Orders | WTI | Swing | Q3-Q4 2020

Market: Energy
Symbols: WTI (Crude Oil)
Signal Category: Swing
Direction: Bearish
Order Type: Market / Limit

(Entry / Stop Loss / Take Profit)

The following Sell Orders on EU Indices have been been published in the “Trading Signals” section.

Sell Orders | WTI Crude Oil | Summary

“Sell Orders | WTI”, another one of those “terrific” titles, especially after Crude Oil crashed along with Covid-19 sentiment.

The end of April 2020 brought the end of the Crude Oil’s Crash, and that is to be considered as the very bottom for years to come.

The rapid rise in Crude Oil (WTI) prices has been labeled as an Intermediate degree wave A (blue).
However, this being a Leading Diagonal, a Sharp Retracement is needed, and that’s what this article is all about.

The Leading Diagonal is terminating with an Ending Diagonal in the lower degree 5th wave.
WTI should be unfolding a last rise, in the 5th of 5th Overshoot, for the diagonal reversal.

There are considerable Bearish Patterns which could indicate that Primary A (blue) is coming to an end.

Ending Diagonal
Bearish Divergence
Fractal Patters
Fibonacci Measurements

All these key elements are pointing towards an “inevitable” bearish swing.
The 38.2-61.8% Fibonacci Retracements of Apr-Sep, 2020, should be retested for support.

Sell Orders | WTI Crude Oil | Entry-SL-TP

WTI – 4H Chart (picture)

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Sell Orders | WTI Crude Oil

Aggressive Entry @ 44.70 with SL @ 47.50
Moderate Entry @ 46.35 with SL @ 49.30
Conservative Entry @ 48.50 with SL @ 51.80
TP @ 41.35 / 40.00 / 38.50 / 37.20 / 36.00 / 35.00 / 33.00

Safety measure: when in the green, moving SL to break-even.
* If extra aggressive: entry @ market price (approx. 42.75), with SL @ 46.50.
* You might experience a difference in price, please check yours and calculate the spread.

WTI – 4H Interactive Chart
(click to open)

Ahoy my fellow trader,
Thank you for your interest in this article and the overall information I am proving.
Should you need any support or have any questions regarding the presented Wave Counts, please let me know.
I am most active and available via Telegram and Skype, feel free to shoot me a message.
As always,
Many pips ahead!
Richard

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