US Oil - Last downward leg- Pt.2- About to become impulsive?
Hello traders,
in our previous posts about oil we highlighted how we expect cycle wave 2 to complete around the 57-63 area with the final C wave of the corrective structure.
We then showed how we applied leading indicators to obtain confirmation of more downside:.
We entered at the golden zone (61.8%fibo) strong volume rejection.
We are short from @78.18 aiming to ride the microcount outlined in the chart. Stop loss on entry as per the update in previous post.
Cheers
GMR
in our previous posts about oil we highlighted how we expect cycle wave 2 to complete around the 57-63 area with the final C wave of the corrective structure.
We entered at the golden zone (61.8%fibo) strong volume rejection.
We are short from @78.18 aiming to ride the microcount outlined in the chart. Stop loss on entry as per the update in previous post.
Cheers
GMR
Dagangan aktif:
kiicked out on entry.. wolfe wave went for the full target.
Restriking @79.8 sl 80.5 risk 0.5%
Restriking @79.8 sl 80.5 risk 0.5%
Dagangan aktif:
Dagangan aktif:
stop loss extended 81.2 risk 1%
Dagangan aktif:
stop loss on entry
Dagangan aktif:
still holding our short position. IMonitoring this structure, a break may accelerate the downside
still holding our short position. IMonitoring this structure, a break may accelerate the downside
Dagangan aktif:
Dagangan ditutup secara manual:
closed on entry.. possibility of a triangle will be discussed in next post
