CL1!: Downside Continued To Intermediate Target #Crude
Traders
Anyone who went short with me from the top well done, made some good money here.
Downside seems very likely to continue now to at least wave 3 target. There was a nice action level where bulls could have participated on 11-10 and they did manage to get a doji at the action level, BUT it was soon engulfed by bear power and bulls can't step in for a while now.
A good target is measured wave 3 target landing @ 40 psychological handle, which is a likely area for a bounce, I think.
Best of luck traders,
Tom
Anyone who went short with me from the top well done, made some good money here.
Downside seems very likely to continue now to at least wave 3 target. There was a nice action level where bulls could have participated on 11-10 and they did manage to get a doji at the action level, BUT it was soon engulfed by bear power and bulls can't step in for a while now.
A good target is measured wave 3 target landing @ 40 psychological handle, which is a likely area for a bounce, I think.
Best of luck traders,
Tom