I observe a consistent picture in many oil stocks that hint upcoming bounce in oil prices. Very speculative trade. Tight stop.
Pattern: no pattern. Buying on bullish PA/indicators/general market look&feel
Risk: 0,25% of total portfolio
Time horison: summer 2019
Exit strategy: selling in portions as price moves to 74.5 and bounces of MAs or oil price will return in a downtrend
Pattern: no pattern. Buying on bullish PA/indicators/general market look&feel
Risk: 0,25% of total portfolio
Time horison: summer 2019
Exit strategy: selling in portions as price moves to 74.5 and bounces of MAs or oil price will return in a downtrend
Trade closed manually:
Oil did bounce. But RIG did not follow through all the way I planned. Closing the trade now as oil and SP500 looks to the downside. Will look for further opportunities with RIG.
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⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts