Short term selling oil

21. Sept. 2017

Bearish Harmonic pattern detected and also divergences for RSI/MACD on 4hr chart.
Stop loss above yesterday's high.
TP1: 49.1-49.3
TP2: 45.5-45.7

21. Sept. 2017

Kommentar

21. Sept. 2017

Kommentar

If TP1 reached and we see reversal signal, then the corrective pattern is more like an expanding flat, very likely the previous top will be broken. Otherwise target two is possible.

22. Sept. 2017

Kommentar

Still in play. Monday we should know whether to keep the short line.

26. Sept. 2017

Trade geschlossen: Stop wurde erreicht

Approaching 1.272, watch it closely for bearish signal. No reason to buy here for me.

28. Sept. 2017

Kommentar

Oil might be topping today. Wait for confirmation, will post another short idea if risk reward is good.