There is a high probability that we will see a sell off, at least to the $25 mark. Price made a double top and now we are retesting structure through a correction. If we see a break, lower prices could be exposed.
Will be keeping an eye on this one.
Gartley pattern forming on 1Hr Time frame on OANDA:WTICOUSD
The D Completion point ends right at a structure level and at a 50% Fib level from the bigger move.
Easy Money :)
Simple short bias day trade on US Crude Oil. There is more pain to come until they cut production massively and I believe we will likely see negative prices on 1st to expire futures contracts again.
Target set at daily S1 level
wti can not last long at this price ? I believe short term we may see a little more down trend but it needs to be up near the $40's for production costs etc, i will prob enter on a buy stop around the $20 and be looking to take profits around the $30,$40,$50 and even $60 mark but thats me stoploss wise id not like to see it hit below $17 but to be safe ill be...