zhipengcfel
Short

Trading 3#: Trading setup for US oil

NYMEX:CL1!   Light Crude Oil Futures
Open short at 46 with SL at 47.09
TP 1: 43.96
TP2: 41.9
TP3: 40.03

Good luck to me!
Comment: TP1 achived.
Comment:
snapshot

Elliott wave is quite clear for CLM2016. Oil has finished the double zigzag correction.
Comment:
Oil underwent a complex correction

Sell the break!
I'm short too, good luck!
+1 Reply
zhipengcfel IvanLabrie
Nice! Let's see how it goes.
Reply
I saw also fib retracement from the lows with that same number.

News lines up with the technicals.

The supply level at $47 following a very long bullish run up from $26, and still with a downtrend on the monthly. Long DWTI here…
+1 Reply
zhipengcfel GMOTruths
Are you typing wrong? Short DWTI here...
Reply
GMOTruths zhipengcfel
No, long DWTI (3x Inverse oil). Short oil/long DWTI.

My target entry for oil shorting is labeled letter E.

After the initial dropoff this morning, I waited for a retracement. The retracement came, and the DWTI long position was entered where CL1 was at 46.50.

It's doing great!

Thank you.
+1 Reply
zhipengcfel GMOTruths
Great!
Reply
Good looking wedge.
+1 Reply
Yahia.Awes Yahia.Awes
#USOIL Short it, no jokes, just short
+1 Reply
zhipengcfel Yahia.Awes
Nice!
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out