This looks like potential larger ZZ ABC with B towards 52.75 and C towards sub 49.
if you notice in lower TF, B looks very corrective in nature and not the impulse creating bear flag. yet manage SL above 54 as oil always overshoot the targets either sides
Entry Price: 52.75$
SL: 54.5
Target: 49 or below
if you notice in lower TF, B looks very corrective in nature and not the impulse creating bear flag. yet manage SL above 54 as oil always overshoot the targets either sides
Entry Price: 52.75$
SL: 54.5
Target: 49 or below
Trade chiuso: obiettivo raggiunto:
Finally ! after so long sideways it gave up to technical.
