The_Cannalyst

Oil reached next action point - good for a shortscalp?

Short
The_Cannalyst Updated   
NYMEX:CL1!   Light Crude Oil Futures
53
Countertrades are not my style...but for those who love the risk - here a short-idea.
We have actually reached the falling trendline. Trading below that line is bearish furthermore....
RSI is very oversold - shorts have a very nice CRR!
BBs are stressed out
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reached ema...this was a nice scalp -don`t Forget to adjust your stopp or Close t (a part) of the short
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example for sl-trailing
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reached next action point..trading below that Level could initiate the next sell-wave down to my thought tp
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Reached TP! Cheers!
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next downwave ahead?
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Reached next Action Point!
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is the 0,5 fibo the object of desire today or the 62,8????
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reached fibo 0,5!!! wow - i didn`t exspected that we will dip soo deep...
Trade closed: target reached:
0,5 reached -i "Close" mthis Position (thread) Cheers - i hope my "lesson" was useful for the one or other -if you l.ike it -pls like it :-) Regards Mary
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Perhaps you could switch the Position with a very narrow sl below todays low....tp= 38,2 as illustrated
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trendbreak
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trading below the illustrated 38,2 is still bearish imo
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:-) tp reached again
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tactical sl adjusatment for those who made a longer Position than a scalp ! Beware of the possible H&S as a Turnaround-possibility
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for those who believe ion the short-possibility
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Trading above the right shoulder respective the head is bullish
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