BULLS BE CAREFUL - US OIL APPROACHING TO BEARISH CRAB TERRITORY

7 mag 2018

Hi,

US OIL heading to bearish crab territory - levels highlighted on chart.

Aggressive entry : Limit order at 1.618XA = 71.9
Stop : +10 to 20 Pips
Conservative entry : Watch Price action on lower time frame ( 1 hr) & enter if get reversal price action such as double top or candlestick formation
Target 1 - 38.2% of AD leg , when attained move stop to breakeven or book partial qty.
Target 2 - 61.8% AD leg

Trade with care,
Gulz

9 mag 2018

Nota

10 mag 2018

Trade attivo

10 mag 2018

Trade attivo

Nice rejection ..

15 mag 2018

Trade attivo

Free fall

22 mag 2018

Trade attivo

This trade taken time more than anticipated as it was forming wedge pattern ... finally we got strong bearish price action, we can aim our targets with stop above 73.. new positions can also opened at cmp 72

23 mag 2018

Trade attivo

Wedge broke down on the hourly chart

24 mag 2018

Trade attivo

Hope a close below the green line may trigger the fall

24 mag 2018

Trade attivo

awsome move

25 mag 2018

Trade attivo

25 mag 2018

Trade attivo

280 Pips

25 mag 2018

Nota

Free fall .. +450 Pips
Are we on wave 3 ? its always dream for a trader to get entry on wave 3

28 mag 2018

Trade chiuso: obiettivo raggiunto

First Target hit
Last low @ 65.82
Book half position and hold remaining for target 2 ( by trailing stop)

6 giu 2018

Trade chiuso: obiettivo raggiunto

64.2 is the last low .. move stop close to 65.5 or close the position entirely..
It was looking a zig zag (abc) correction, soon the trend may change to bullish