ChargingBull
Short

A potential outcome. Sell into November 30th, buy afterwards.

NYMEX:CL1!   Light Crude Oil Futures
265 1 11
Look out for the 100 sma and the 23.6% fib @ 45.64 for the next leg down. Gap is not closed all the way. We are edging below the support at 46.0. Next support is at 43. Could potential reverse at 43. This would complete the H&S on the daily.
Comment: 23.6% fib support fell through.
Comment: Looking for some support in the "Gap Channel" - 44.9 - 43.9 atm.
Comment: Got stopped out. Got into a Gold trade. Now looking for a reentry. Currently, the price is at 45.68. It is probably retracing, because it doesn't want to just go straight down. It is going to retest the long-term S&R at 46.
Comment: Got in on the way up, but it smacked down at the gap 45.78. Now, I am short.
Comment: Got stopped out again, going to stay with a long to 46.
Comment: Making some of the money back from all the stops in and out.
Comment: I obviously made money on the first two trades.
Comment: Holding onto my long from 45.82 it is at 46.23.
Comment: Got out around 46.3.
Comment: bear flag on the hour or 45 min.
snapshot
Comment: check out that Stock RSI. It is actually falling and at 45.87 now.
Comment: It was caught in a fake bullflag that never broke-out. It is falling fast now.
Comment: Trade is doing an inverse H&S.
Trade closed manually
Thank you
+1 Reply
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