USOIL : Potential Short Setup at 52.75 towards 49ish Short

WTI CRUDE OILTVC

Beschreibung

⋅ 17. Dez. 2016 15:04

This looks like potential larger ZZ ABC with B towards 52.75 and C towards sub 49.
if you notice in lower TF, B looks very corrective in nature and not the impulse creating bear flag. yet manage SL above 54 as oil always overshoot the targets either sides

Entry Price: 52.75$
SL: 54.5
Target: 49 or below

Trade geschlossen: Ziel wurde erreicht

⋅ 10. Mrz. 2017 18:09

Finally ! after so long sideways it gave up to technical.

Kommentare

5898928

⋅ 22. Dez. 2016 18:19

You still bearish? Sell setup in play?

robus

⋅ 22. Dez. 2016 18:21

@5898928, Yes I am until it breaches above previous high. personally I see this as topping pattern on lower tf (1hr, 4hr).

5898928

⋅ 22. Dez. 2016 18:32

@robus, ok, lets wait and see. For me this today reversal up was to sharp

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