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!
Trade ativo:
the market seems have opened bearish. Short position from @81.55 sl 82.36 risk 0.3%
Trade ativo:
Trade ativo:
still holding
Trade fechado manualmente:
closed breakeven. waiting 83.7
Trade ativo:
sl breakeven allows us to restrike higher. Entry price is now 81.95 sl 82.6 (previous high) risk 0.3%
Trade ativo:
stop loss on entry
