Double top in Crude Oil - Bears in charge now

Aktualisiert
We just saw a double top pattern in WTI which is signaling a downtrend in Crude Oil. We are shorting it now looking for a 64 as first stop our final target is around 55.
Keep in mind that a break on 66 or 64 may be the start of a large move.

Good look
Trade ist aktiv
Short from 66.20
Anmerkung
SL at 67.18 just above the top. Will be chasing down this baby.
Anmerkung
Took partial profits, let's wait some more and seek for RESHORT opportunities.
Anmerkung
We entered a reshort from 64.30, now taking partial profits at 63.00
Expecting to see a lower move but I want to to see a retest and then enter another short.
Trade wurde manuell geschlossen
Enough of shorts, let's aim for 80!
Trade ist aktiv
After the weekend, we analyzed and determined a SHORT was worth it. Short from 67.05, winning so far.
Order storniert
Will follow up on our most recent idea.
Bearish PatternsOilpatternswagTrend Analysis

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