forker
Short

CL - Crude pulled back to L-MLH. Ready to fall?

NYMEX:CLK2017   LIGHT CRUDE OIL FUTURES
Crude is in correction mode.
It's beautiful trading within the Pullback-Fork and has broken the L-MLH of the smaller blue PB-Fork.

The actual pullback to it is textbook like...which I like! ;-)

P!
Comment: BTW - If the main chart is confusing, try this one :)


Comment: drrrropppingggg hehe...
Comment: ...still some more to go, but in the nearer Fork/Swing, the L-MLH was reached.

Trade closed: target reached: Here we are, at the sliding parallel of the weekly.
This is a good place for take profit, although I no that "Greed is good" ;-)

Let's see if we have a re- entry on a test/retest at the L-MLH:

Get the free ForkTraidng BLUEPRINT and learn to earn:

Website: http://www.ForkTrading.com
YouTube: https://www.youtube.com/channel/UCVYml-t_FpL_2nloS1jZ6_Q
Hi Forker,

There is a good support at 48.xx as i am writing this and the candle is set to break above Tenken Sen on my H1 Time Frame.
If it does not go below 48 today, I think there might be a possible reversal.

What do you think?

Rgds,

Reply
Hi @R81

I can see this bounce coming, yes.
But first, therer will probably be a retest of the centerline.

Happy Day mate.
Reply
I posted an updated chart, we nailed this one eh...
Reply
forker IvanLabrie
hehe...happy campers ;-)
Reply
Another PB up to scary out the week hands.
The close was superb below the L-MLH.
Took already partial profit by selling the strangle, but letting the future ride.
Depending on price action today, I'm willing to setup a new strangle...

Reply
Looks like they don't get it...

Reply
I'm short too, let's see.
Reply
forker IvanLabrie
I think the price movement will scare many out of this one.
Curious too :)
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out