Long USOIL

i believe it could be long or short depending on what thats plays out

I am initiating Short if:
. Breaks wedge downwards
. making a double top
. breaks the 1 day trend line (yellow) heading back towards the bottom of the channel
.breaks the RSI trend line heading for the bottom
. breaks the pivot point which is located on one day trend line (yellow)

I am initiating Buy if:
. Stays above pivot
. Breaks R1 pivot and ascending wedge for a blow out
. bounces off of RSI Trend line


Trade with caution it is never 100% correct

If anyone thinks otherwise or has other ideas and criticism please go ahead i am open to all of it and willing to learn as i am new to trading
hope this goes as planned like my other idea i posted which turned out very successful

Thanks Lewis

Commento:

TP1 Hit

Commento:

Using top of wedge as a resistance at the moment
lets what and see if it bounces

Trade chiuso: obiettivo raggiunto:

hit tp1 forming double head

Trade attivo:

trading still active ignore above

Trade chiuso: obiettivo raggiunto

Commento:

whoops should of held it