meszaros

WTICOUSD before 15% decrease.

Short
OANDA:WTICOUSD   West Texas Oil
WTICOUSD before 15% decrease. WTICOUSD has been falling below the 50% level of D1 ATR for several days. In my analysis, I assume that the graph moves south from the accumulation range. In this case, a double descending wave structure may form. Now we can see the construction of the second declining wave. In case my interpretation is correct, the target price of the decreasing motion is 33.49usd.
Comment:
Comment: He retested exactly the D1ATR50% level. From this level, I expect a strong south turn to the target price level shown in the figure.
Comment:

Comments

definitely a bulltrap👍
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meszaros gozieAndrew
@gozieAndrew, This is also conceivable. We'll see. Calculating turning points is not easy. Nevertheless, trading these points results in the highest profit. Therefore, by mistake, there is some loss. To reduce this, "halved ATR Money Management" is best suited. This means. to enter a position at the halved ATR level upon entry (starting with a half position). Then, if the trade continues in our direction, we build on the basic position at the next halved ATR level (I use 50% of M15 ATR). This allows us to lose half a position and gain 2x a position. If the turning point is also hit, the RR is much more than double. This is one of the most profitable MM (money management.)
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