Crude parabolic rally to 76 fib - Might be a top.
We've had crude as a macro bear since we made the extensions into the high.
We now have parabolic rallies to the 76 fib. This is my favourite type of setup in a downtrend. Short into the scary big candles at the 76. Always really high RR here since stops are tight and targets are new breaks.
We now have parabolic rallies to the 76 fib. This is my favourite type of setup in a downtrend. Short into the scary big candles at the 76. Always really high RR here since stops are tight and targets are new breaks.
