US OIL- Pt.4- Are we ready for the sixties?

As previously posted, we believe that Oil has to complete a z wave of a triple three to conclude cycle wave (2) below 67.
So far, we closed the last trade at our breakeven price (79.1) after observing that price action was overlapping and corrective (see the higlighted box.

We then still have 0.8% to risk and we are looking for a short setup around the 0.5 fibo retracement (yellow area in the main chart).
We will update below

Kommentar:

0.5% fibo is at 82.212, while the level for which a=c in B is 83.7.

Trade ist aktiv:

short @81.8 stop loss 84 0.6% risk

Trade ist aktiv:

0.5 fibo wicked

Trade ist aktiv:

stop loss on entry

Trade ist aktiv:

looking for entering another short positon

Kommentar:

80.32 added short

Trade ist aktiv:

now our average entry is 81.1 risk 0.5% of equity at 82.4.

Trade ist aktiv:

Golden Zone. Stop loss on average entry 81.1. This can still make an higher high.

Trade ist aktiv:

Closed at entry.

Trade ist aktiv:

Restriked 81.4 Stop loss at 82.4 is 0.4% of equity

Trade ist aktiv:

stop loss on entry