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

NYMEX:CL1!   Light Crude Oil Futures
2526 40 85
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: 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 $47.25 now.
oil is forming a descending wedge on a 4 hr chart and ready to break it to the downside towards 43 dollar which will overlap wave a meaning we are in a monthly down trend oil is heading to 10$ a barrel
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?
faylee MeshalAlnashri
hey, try the code "CL1!"
thank you fay! well, I better get to it then. bye.
hey fay what are your thoughts about this scenario, i'm learning still.
i think if channel is broken we might be in the third wave of an impulse wave. if not we're in correction.
does this mean long from here?
faylee AYosof
no.,i'll wait for today's closing
AYosof faylee
Hi Faylee, you were waiting for todays closing what do you conclude long or short and entry points and targets?
I see this on Oil
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