West Texas Oil
Short
Aggiornato

US OIL- Pt.5- 83.7 for the final drop?

115
In our first post on Oil we stated that we are looking for a final wave C of (Z) of to conclude cycle wave 2 in the 57-63 area.
We were kicked out at entry on the last trade, and we are now looking to reopen another short position at 83.7. However, bearish divergence and our view on indexes signals that the top could still be in.
83.7 is a confluence level in which there are the 0.54 fibo retracement of wave A and the level for which a=c in wave B.
We will update below. Happy trading!
Trade attivo
the market seems have opened bearish. Short position from @81.55 sl 82.36 risk 0.3%
Trade attivo
istantanea
Trade attivo
istantanea still holding
Trade chiuso manualmente
closed breakeven. waiting 83.7
Trade attivo
sl breakeven allows us to restrike higher. Entry price is now 81.95 sl 82.6 (previous high) risk 0.3%
Trade attivo
stop loss on entry

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