NWJ
Long

USOIL Daily. Long

TVC:USOIL   CFDs on WTI Crude Oil
145 2 7
Price currently shooting up like a rocket, I missed the boat... So will be waiting for price to drop back & retest the .382 Fib or support level , then will anticipate a continuation up. Will drop down to the 1 or 4 hour chart to look for a valid reason for entry once the retest has happened.
My target will be the .618 level, Sell Zone or the current trend line , but possibly set target 1 at the .50 Fib level to lock away some profits.
Good luck :)
Really like the sell zone you have marked out. Different styles of analysis but I have the same idea..
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NWJ republicofcapital
@republicofcapital, thanks... Hopefully price can continue to make it's way up there & have a great sell opportunity. A nice sign of rejection from the Fib 618 level & an engulfing bearish candle should do the trick :)
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