GuillaumeRpn

Short idea, Shtty chart

Short
TVC:USOIL   CFDs on WTI Crude Oil
Just an idea with absolutely no reason for it to happen.
It could happen tho, maybe.

I have no position open at the moment.
Comment:
Took some shorts, we are at the point where they neither lose nor win. I'll wait some more, but it seems that oil may be going down today.
Comment:
Ok ! Got a good profit from accumulating shorts all the way to the top, then down to 70.
- Target 1 has been reached.

I can clearly imagine Target 2 and 3 being reached after a slight pull back up. Might even form and head and shoulder ?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.