West Texas Intermediate Primed For A Short Term Reversal

Thesis: There have been 4 days of Long breakout traders triggered into the market at previous days high. Market is over extended and due for a reversal. There are traders trapped above the low of Tuesday. We are at the high of the current week, as well as the high of last week. Looking for a short term reversal. I will use a Fib tool, set to 100% expansions and drag it from the low of Tuesday-High of Tuesday for profit targets. Looking to enter this trade between 7AM-11AM NYEST at the high of the Day if possible and market conditions confirm. If not the high of the day, the High of the New York Session.