West Texas Oil
Short
Aggiornato

US OIL- Pt.4- Are we ready for the sixties?

124
As previously posted, we believe that Oil has to complete a z wave of a triple three to conclude cycle wave (2) below 67.
So far, we closed the last trade at our breakeven price (79.1) after observing that price action was overlapping and corrective (see the higlighted box.
istantanea
We then still have 0.8% to risk and we are looking for a short setup around the 0.5 fibo retracement (yellow area in the main chart).
We will update below
Nota
0.5% fibo is at 82.212, while the level for which a=c in B is 83.7.
istantanea
Trade attivo
short @81.8 stop loss 84 0.6% risk
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0.5 fibo wicked
istantanea
Trade attivo
stop loss on entry
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istantanea
looking for entering another short positon
Nota
istantanea 80.32 added short
Trade attivo
now our average entry is 81.1 risk 0.5% of equity at 82.4.
Trade attivo
istantanea
Golden Zone. Stop loss on average entry 81.1. This can still make an higher high.
Trade attivo
Closed at entry.
Trade attivo
istantanea
Restriked 81.4 Stop loss at 82.4 is 0.4% of equity
Trade attivo
stop loss on entry

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