WTI correction Idea (short): US Crude Oil pullback

28. Mai 2018

Looking at a couple of zones that might cause next leg down.
Will update and fine tune the numbers are things progress.

28. Mai 2018

Anmerkung

Oil trying to bounce up from the Fib Support zone as hoped.

29. Mai 2018

Anmerkung

Still hugging the supports but no apparent hurry to leave.
US markets will be back online Tuesday, if starts selling I will join the bandwagon.

31. Mai 2018

Trade ist aktiv

Here we are, at my first resistance zone.


Close up. First short opened upon pin rejection, drop below my zone, then retest from below.


Short opened here:


- Stop loss at Break Even, lets see how it does.
-

31. Mai 2018

Anmerkung

Gotta love the Golden Ratio.
That spike caused ripples down to the 2.618 EXACTLY

31. Mai 2018

Anmerkung

This is what I am hoping to see

31. Mai 2018

Anmerkung

Hoping London open will follow one of these paths down

31. Mai 2018

Anmerkung

This tiny but sudden move could cause waves propagating downward.

31. Mai 2018

Anmerkung

As mentioned with previous snap shot, it looks like that sudden fluctuation has started the waves downward

31. Mai 2018

Anmerkung

Well that was quite a wild ride, but both targets hit!

4. Juni 2018

Anmerkung

Short position going strong.
Took 30% profit already, stops at BE on rest.
Hoping to ride it down to the $62 range

4. Juni 2018

Anmerkung

Nice adherence to my Fib derived zones