Developing the trading idea for oil

Source: Forex Analysis

Good evening, dear traders! Congratulations to those who took advantage of our trading recommendation for oil.

So, the trading idea for oil was to develop the increase according to the plan which was mentioned a while ago.

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At the end of the day, we have the perfect development:

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It can be recalled that the idea was based on fundamental data on low oil reserves in the United States and thus, we should actually develop the third wave from this news. As you already know, the three-wave in trading is a fairly stable pattern, however, the fundamental three-wave is actually a terrible force for profit.

Good luck in trading and see you on new trading ideas!

The material has been provided by InstaForex Company – www.instaforex.com