scofflaw
Short

USOIL sell off

TVC:USOIL   WTI Crude Öl
The sells offs in oil             are gaining momentum. A nice, weak retracement back to around 53 would make for a potentially favorable short. Let's see if it can reach that area first....
Kommentar: There's probably a reversal gartley pattern in there somewhere for this who trade them :)
Kommentar: updated "analysis" with explanations on hourly chart:

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Kommentar: Part 2:

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Kommentar: No trade yet. dont take the bait
Kommentar: Updated buy zone, in case price would rather be bought first, or for your first TP.

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Trade ist aktiv:
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Would make a good head and shoulders, if the above happens, who wouldve thought...
Antworten
Could you not interpret the pattern as a bear flag?
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scofflaw sidhuco
@sidhuco, I am showing my reasoning for selling at a certain price point. I dont tell ppl to sell or buy flags. Flags are just an indicator, they tell you zero on where to enter.
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