jthrasher

USOIL

Short
jthrasher Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Fighting he temptation to fall prey to gambler's fallacy, thinking this is due for a bounce. Looks absolutely rekt.
Comment:
on the contrary, if it bounces strongly may have nice upside target with IHS formation as well
Comment:
not real sure when an IHS is negated other than if it falls below shoulders. Time may have negated it here.
Comment:
At first level of this 4hr RSI resistance zone that has been a reliable sell. www.tradingview.com/chart/VwolchxT/

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