Last weeks SLB has significant growth, time to cool down. There is huge year ascending triangle with fake breakthrough, elliot waves show correction phase abc.
Use 50% entry at half of wave 5 = 57.25, add another 50% at 59.
Use 50% entry at half of wave 5 = 57.25, add another 50% at 59.
Comment:
short taken 50% of normal position
Trade active:
fixed half with 3.8% profit, stop loss to breakeven
Trade active:
fixed another 25%
oil drops down and i expect further decline in SLB
oil drops down and i expect further decline in SLB
Trade active:
move SL closer 55