Short scalp with potential to become a swingtrade

As posted earlier i think Crude is on a crucial junction here. A closeup look at the structure revealed a nice short set up. Price action at the Orange Excursion line we zoomed on friday will tell if it is just a scalp or something bigger. If we rebreak that line, the short could be kept open for a bigger downside move. If we bounce back up i will be looking for long entries.

Trade attivo:

Wedge broke as expected but got rebought by Asia, price now is trapped beneath big TL while following the upsloping median set. If it breaks the TL i will close this short for a samll loss and consider going long as the break couls signal a bigger rise to come.

Trade chiuso: obiettivo raggiunto