Continuous High give us a good change to short
After three solidy uptrend wave, -Feb 11 to Feb 22, Mar 08 to Mar 21, Mar 28 to so far-, as supply wither and increase in demand. OIL reached the FIB 61.8 (72.8-42.5) traget nearly 63.50, However,Daliy RSI and KD all drop into overbuy area.
therefore,I focus on short opportunity as a intraday trader.
Fristly, considering 63.50-64.30 resistance area, looking for a callback to 63.00.
Secondly, directly rush to 65.50-66.50 probably cause a huge callback as the uptrend wave extremely over-buy.
Lastly, maybe it would have a suddenly drop down, thus, 60.70-61.00 would a better chance to get on the bus.
recently, we have at least three times short opportunity and all exceed 60 pips space.