As previously posted, we believe that Oil has to complete a z wave of a triple three to conclude cycle wave (2) below 67.
So far, we closed the last trade at our breakeven price (79.1) after observing that price action was overlapping and corrective (see the higlighted box.
We then still have 0.8% to risk and we are looking for a short setup around the 0.5 fibo retracement (yellow area in the main chart).
We will update below
So far, we closed the last trade at our breakeven price (79.1) after observing that price action was overlapping and corrective (see the higlighted box.
We will update below
Commentaire:
0.5% fibo is at 82.212, while the level for which a=c in B is 83.7.
Transaction en cours:
short @81.8 stop loss 84 0.6% risk
Transaction en cours:
0.5 fibo wicked
Transaction en cours:
stop loss on entry
Transaction en cours:
looking for entering another short positon
Commentaire:
80.32 added short
Transaction en cours:
now our average entry is 81.1 risk 0.5% of equity at 82.4.
Transaction en cours:
Golden Zone. Stop loss on average entry 81.1. This can still make an higher high.
Transaction en cours:
Closed at entry.
Transaction en cours:
Restriked 81.4 Stop loss at 82.4 is 0.4% of equity
Transaction en cours:
stop loss on entry
