faylee

WTI OIL wave4

Short
faylee Updated   
NYMEX:CLK2016   Crude Oil Futures (May 2016)
Trade1: Short@41.3, stop@40.01, done

Trade2: Short@40.5, sell stop@41.2, target@36.5

Trade3: Short@39.5, sell stop@40.2, target@35

Trade4: Long@34.5, buy stop@33.8, target@45&46

Comment:
Bearish butterfly with Elliottwaves
Trade active:
ABCD,rebound after hitting 38.3
Has already long WTI oil @38.5, target@40.5
When reached 40.5, Trade2 will be ready to execute
Trade active:
Mar.29: Short@39; tg@37-36.5; the lowest reached 37.9, has stop@38.6, after rebound.

Now, I'll keep watching 39.5, and plan to carry out "Trade 3".
Trade active:
Luckly! It gave me a good chance to sell at a higher rate than my expectation!
Short WTI Oil@39.66 has already done! waiting for the tg. as planned.
Trade active:
At this stage, long Oil@37.76, tg.39-39.5

The declined Wave 5 is moving in a reverse symmetrical "A-E", it is going to rebound.

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