BULLS BE CAREFUL - US OIL APPROACHING TO BEARISH CRAB TERRITORY

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

Commentaire:

Transaction en cours

Transaction en cours:

Nice rejection ..

Transaction en cours:

Free fall

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

Transaction en cours:

Wedge broke down on the hourly chart

Transaction en cours:

Hope a close below the green line may trigger the fall

Transaction en cours:

awsome move

Transaction en cours:

Transaction en cours:

280 Pips

Commentaire:

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

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)

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