Hello traders!
In previous posts (links in description) we argued about how we believe Oil to be in a cycle corrective wave after big impulse from covid low.
We believe this corrective move is unfolding as a triple three targeting the GZ, and confluence zone, in the 56-63 area.
This is a big picture of this macro view
A great long opportunity will later come in oil, that we will be able to discuss in the future.
But first, we expect another leg down.
As showed in the main chart, we believe the last ABC of the triple three to be in the making, with a triangolar wave B that may be concluded. We will update here for possible short setups.
Bests
GMR
In previous posts (links in description) we argued about how we believe Oil to be in a cycle corrective wave after big impulse from covid low.
We believe this corrective move is unfolding as a triple three targeting the GZ, and confluence zone, in the 56-63 area.
This is a big picture of this macro view
But first, we expect another leg down.
As showed in the main chart, we believe the last ABC of the triple three to be in the making, with a triangolar wave B that may be concluded. We will update here for possible short setups.
Bests
GMR
Commento:
triangle breakout
Trade attivo:
retestiing cluster @75.82 on possible 1212, entered short
Trade attivo:
stop loss on entry
Trade attivo:
1st target reached. Closing half of the position. Profit = 1.8% of equity
Trade chiuso manualmente:
double bottom. closing other half at 1.6% profit
Total Profit: 3.4%
Total Profit: 3.4%
