Hello traders,
as you can see from the chart above, we believe that oil is about to finish cycle ((2)) correction with the last C wave of a triple three (labeled in the chart).
After a 5-leg to the downside (wave A of (Z)), price corrected with a three wave abc into previous structure, that acted as resistance.
Price created a triple top at 82.61, and as per previous post we entered short @81.95. Our stop loss is now on entry and we target the area showed below (57-63) for the end of this 535 in wave (Z) at the golden fibo zone+weekly bearish wolfe wave target.
Will update below.
as you can see from the chart above, we believe that oil is about to finish cycle ((2)) correction with the last C wave of a triple three (labeled in the chart).
After a 5-leg to the downside (wave A of (Z)), price corrected with a three wave abc into previous structure, that acted as resistance.
Price created a triple top at 82.61, and as per previous post we entered short @81.95. Our stop loss is now on entry and we target the area showed below (57-63) for the end of this 535 in wave (Z) at the golden fibo zone+weekly bearish wolfe wave target.
Will update below.
Dagangan aktif
retest of structure. added short. stop loss on average entry @80.75
Dagangan aktif
First target 74.5. Then will revaluate the price action for other setups keeping half of the position. Final target for this downward move is 63-57 area
Dagangan aktif
planning first tp (half of position) at the trendline
Dagangan ditutup: sasaran tercapai
Closed half at trendline @75.68. Profit= 2.6% of Equity.Leavingthe other half roll with stop loss on entry at @80.75
Dagangan ditutup secara manual
Nice reaction at the trendline. Five wave structure completed, but not impulsive: hence we took full profit closing the other half.
Total Profit: 5% of Equity!
Will update for new setups
Nota
Breaking down.. we just took profit but.. it happens ;)Good confirmation for our short scenario, planning to re enter short at the next setup!
Dagangan aktif
trendline held well indeed .. double bottom on it and descending wedge. Scalping long up to the wedge trendline, insurance in case of breakout.
Entry @75.6 sl 75.1 risk 0.5%
Dagangan ditutup: sasaran tercapai
tp reached at the 50% fibo-upper trendline. @77.26 close profit 1.3%!
Dagangan aktif
now we resume the downside for the next measured move and the biggest picture.
Short entry @77.26 stop loss 78 risk 0.5%
Dagangan aktif
stop loss on entry ;)
Dagangan aktif
breaking downDagangan aktif
algo tp hit.Not closing. Holding short for our lower targets. Stop loss on entry at @77.26Dagangan aktif
retest upper wedge TL and previous TL. added at 75.6. AVG entry @76.3
Pesanan dibatalkan
closed on entry on ww upper trendline breakout. targets in chart. waiting for it higher
Dagangan aktif
zig zag target reached. 61.8% retracement.
short @78.18 sl 80.2 risk 0.6%
Dagangan aktif
stop loss on entry
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.