BULLS BE CAREFUL - US OIL APPROACHING TO BEARISH CRAB TERRITORY

7 mai 2018

Hi,

US OIL heading to bearish crab territory - levels highlighted on chart.

Aggressive entry : Limit order at 1.618XA = 71.9
Stop : +10 to 20 Pips
Conservative entry : Watch Price action on lower time frame ( 1 hr) & enter if get reversal price action such as double top or candlestick formation
Target 1 - 38.2% of AD leg , when attained move stop to breakeven or book partial qty.
Target 2 - 61.8% AD leg

Trade with care,
Gulz

9 mai 2018

Note

10 mai 2018

Transaction en cours

10 mai 2018

Transaction en cours

Nice rejection ..

15 mai 2018

Transaction en cours

Free fall

22 mai 2018

Transaction en cours

This trade taken time more than anticipated as it was forming wedge pattern ... finally we got strong bearish price action, we can aim our targets with stop above 73.. new positions can also opened at cmp 72

23 mai 2018

Transaction en cours

Wedge broke down on the hourly chart

24 mai 2018

Transaction en cours

Hope a close below the green line may trigger the fall

24 mai 2018

Transaction en cours

awsome move

25 mai 2018

Transaction en cours

25 mai 2018

Transaction en cours

280 Pips

25 mai 2018

Note

Free fall .. +450 Pips
Are we on wave 3 ? its always dream for a trader to get entry on wave 3

28 mai 2018

Trade fermée: cible de profit atteinte

First Target hit
Last low @ 65.82
Book half position and hold remaining for target 2 ( by trailing stop)

6 juin 2018

Trade fermée: cible de profit atteinte

64.2 is the last low .. move stop close to 65.5 or close the position entirely..
It was looking a zig zag (abc) correction, soon the trend may change to bullish