After a head fake in Jul'15 when it popped 90 the collapse started. Breaking trend line support and getting under 68 we retraced exactly to the 50% fib ($78) and then tanked to 161.8% extension ($55). The most recent rally so far hasn't managed to get above 78... yet. If I were a gambling man i'm tipping we don't on this run. I'll be getting short risking Nov'15 highs, targeting a melt down to $46 (gap) and 35 (261.8% fib)
Trade active
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Short at 73.23. Looking to add if we rally back above $75
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holding 1 clip at 73.23 and 2 clips at 75.92 expecting a move below 71
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tried to add at 75 flat with a tight SL but stopped out at 75.70
Sub 70.50 with big gap above. My worst level of 73.23 I've moved SL to entry
Genghis
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Still expecting move sub 71
Genghis
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Order set to sell a clip at 73.23 and will look to add if we get a rally after that into $75
Genghis
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Recent dip tested support but didn't trigger 73.23 sell order. Currently bouncing to fill gap.
Genghis
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Gap filled so we might be really to hit 73.23 and get short.
Genghis
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Short at 73.23. Looking to add if we rally back above $75
Genghis
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Up at $75. My projected move was off but we have left a juicey gap to fill. Perfect set up would be a rally above 75.30 with gap still intact to short into.
Genghis
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Yesterday's gap was quickly closed out but with a rally above 75.30 and a new gap down at 74.20 today good opportunity to short
Sub 70.50 with big gap above. My worst level of 73.23 I've moved SL to entry