faylee
Long

OIL retrace in "D" leg, long term in bullish channel

NYMEX:CL1!   Light Crude Oil Futures
2516 40 82
Short term plan: Sell at 47.9-48.1
Long term plan: Buy at 45-45.1
Trade active: My short term long position was closed as soon as the target approached
Then i shorted at 48.2 in accord with my plan.
Comment: I've moved SL to 48.2, just covered my cost
Comment:
snapshot
Comment: I have pocketed some profit at 46.5, as i'm concerning about the MACD div.
Today's close is critical for us to issue further trade plan.
Comment: I've cleared out the short positions. It's broken out $47.25 now.
Sharp eye, Fei !!! Bravo.
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faylee One_Trade_A_Day_777
oil may bounce a little, take care
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wow..big upside reaction...maybe correction is finished?
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faylee bolsistico
possible, but i still executed my plan.
+1 Reply
hello sir/ mam
i am ur follwer
can u teach me some analysis
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Hi Im short @ 46.68 ....Then a spike???
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faylee SilverFox
hey, you short too early...if break out 48.4, i'll close my short position
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SupraBoy faylee
Good move. Tomorrow will be interesting. The Iran news caused this spike, not sure how long it can sustain.
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Hi Dropped nicely.
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faylee SilverFox
Yes, on it's way
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Good Morning, Sell Breakout line = +- 46.5767 with support @ 45.70 region..
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Faylee excellent predictions only complain is your chart is not clear, plz don't use that fib scale that disturb a lot.thanks
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faylee MindTrader
ok!Thank you for your suggestion.
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wow good but me thinks 48.31
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faylee takchangik
Nice!
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amazing!
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Good job ,, is it good now to sell??
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faylee hisham101010
No. If you missed, wait till it broke 47 again
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Big thanks
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very good analysis I'm learning from you
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why should wave analyst use bar chart any speciality ?
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Well done Queen..! Keep Going..!. Watch out for a triangle in case we didnot get the C of D.
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faylee VRShaiju
Thank you:) Could you post your chart here?
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VRShaiju faylee
Sure..! As expected broke down, but not like angry C :). I am expecting a 4th wave here as flat correction. Because we are inside an expending diagonal of violent C.
snapshot


Here is the big picture
Oil Set for Long


GL with your trade mate. I exited my short..! not looking for long
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faylee VRShaiju
ic,thank you for your sharing, i'm updating my plan, could you give me some further advise?
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45.44 = 61.8% from 49.35
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Thanks to your advice & judgement
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Sell Breakout for today =46.0599 with support @ 45.47
Buy Breakout=47.4801 with resistance 48.06
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I see this on Oil
USOIL NEXT MOVE
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faylee Roncriss
yes, i agreed, thank you for your sharing.
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Roncriss faylee
Thank you
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does this mean long from here?
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faylee AYosof
no.,i'll wait for today's closing
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AYosof faylee
Hi Faylee, you were waiting for todays closing what do you conclude long or short and entry points and targets?
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hey there, hi there, ho there. i need help. i can't find the usoil chart :( what should i type in the search bar to start analyzing?
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faylee MeshalAlnashri
hey, try the code "CL1!"
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thank you fay! well, I better get to it then. bye.
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hey fay what are your thoughts about this scenario, i'm learning still.
incomplete head and shoulders spotted!
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i think if channel is broken we might be in the third wave of an impulse wave. if not we're in correction.
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oil is forming a descending wedge on a 4 hr chart and ready to break it to the downside towards 43 dollar which will overlap wave a meaning we are in a monthly down trend oil is heading to 10$ a barrel
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