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
Keep in mind that a break on 66 or 64 may be the start of a large move.
Good look
Trade active:
Short from 66.20
Comment:
SL at 67.18 just above the top. Will be chasing down this baby.
Comment:
Took partial profits, let's wait some more and seek for RESHORT opportunities.
Comment:
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.
Expecting to see a lower move but I want to to see a retest and then enter another short.
Trade closed manually:
Enough of shorts, let's aim for 80!
Trade active:
After the weekend, we analyzed and determined a SHORT was worth it. Short from 67.05, winning so far.
Order cancelled:
Will follow up on our most recent idea.