In our first post on Oil we stated that we are looking for a final wave C of (Z) of to conclude cycle wave 2 in the 57-63 area.
We were kicked out at entry on the last trade, and we are now looking to reopen another short position at 83.7. However, bearish divergence and our view on indexes signals that the top could still be in.
83.7 is a confluence level in which there are the 0.54 fibo retracement of wave A and the level for which a=c in wave B.
We will update below. Happy trading!
We were kicked out at entry on the last trade, and we are now looking to reopen another short position at 83.7. However, bearish divergence and our view on indexes signals that the top could still be in.
83.7 is a confluence level in which there are the 0.54 fibo retracement of wave A and the level for which a=c in wave B.
We will update below. Happy trading!
Transaction en cours:
the market seems have opened bearish. Short position from @81.55 sl 82.36 risk 0.3%
Transaction en cours:
Transaction en cours:
still holding
Trade fermée manuellement:
closed breakeven. waiting 83.7
Transaction en cours:
sl breakeven allows us to restrike higher. Entry price is now 81.95 sl 82.6 (previous high) risk 0.3%
Transaction en cours:
stop loss on entry
