NYMEX:CL1!   Light Crude Oil Futures
442 0 22
rsi oversold - nice crr            

closed short /former view from today:
SHORT
Simple 1-2-3 Short Scalp?


We have reached the min correction Level 38,2 @ 45,12. Here the sellers waited again. Let`s see if the consolidation will go further up to the max correction Level @45.5$

-Breaking through the illustrated last valid "2" will activate the shown example-shortposition (SL near above the possible "3?", TP= "2?"

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Main View:
Can this be true? Dez             2016: 75$ ???
https://www.tradingview.com/chart/CL1%21/Jjjwoqc5-Can-this-be-true-Dez-2016-75/
What do my tired eyes see?? Isn`t it a big bottom pattern in form of an exemplary H&S?
The RSI signs, that there is still a bit air on the downside. A dip back to the 38,2 fibo @ 41,92$ would be great. A dip to the 0,5 fibo normal and a dip to the 61,8 maximal.
If this level would be bought, a H&S is being formed. Prices above the neckline could interpreted as a BIG LONG SIGNAL.
I have illustrated the possible TPs in my chart

Update Main View:
https://www.tradingview.com/chart/CL1%21/684zvCkk-Update-Main-View/
Today we have reached the 61.8 fibo of the downswing 51,6-39,3 (yellow fibos). The open position is comfortable in the win (+7.25$).
At this fibo level a corrective downmove is possible (BBs are stressed out) - perhaps down to the "traders dream" - the 38,2 fibo from the movement ( 39,3-47,04) at 44,82$ - the former breakout level!
At latest here the present midterm uptrend in this tf should be resumed.

My Main view is still active!


Comment: Sl and TP
Comment: we are here - near the maximal correction fibo 62,8
will this fholy fibo stop the downtrend?
Comment: breaking todays low is nod good! next wave could reach till 43,3
Comment: shit..i made all my vomments here: i am really sorry! please read it!!!
Comment: uit seems explosive now
Comment: for your information..i cancelled all long orders
Comment: but the cyclical one is still the most interesting one
Comment: this one:
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