Here is my trade setup for oil . We seem to have completed 5 waves up with an extended 5th wave hence the lack of divergence on RSI between the 3rd and 5th wave, yet we have divergence from the top of the 1st to the 5th which looks promising.
Entrance: $60
Target: $50
Stop: $63
Potential profits: 15.8%
Risk: 4.4%
RR:3.58
Entrance: $60
Target: $50
Stop: $63
Potential profits: 15.8%
Risk: 4.4%
RR:3.58
Trade fechado: stop atingido