Good morning guys !!!
Sorry for the miss, let's take a look at the daily situation.
The wti has reached a critical level for the mid term, and later I will explain why.
Prices are sustained by a well-defined trendline (see the red TL), and the market cycles are very similar, both in terms of duration and price objectives.
So I hypothesized a cycle of 50 bars for the current movement (to be abundant), waiting for clear short entry signals.
1 signal: the cycle is terminating, correction is coming (it has already started)
2 signal: breaking EMA 7 daily. The last closing has stopped above EMA 7, if today's candle will be red, the signal will be confirmed.
3 signal: the structure in H1 has been compromised (look at the chart in the comments).
So my direction for the next days is short. If something changes, I will give you updates.
Good day and good work!!!
Sorry for the miss, let's take a look at the daily situation.
The wti has reached a critical level for the mid term, and later I will explain why.
Prices are sustained by a well-defined trendline (see the red TL), and the market cycles are very similar, both in terms of duration and price objectives.
So I hypothesized a cycle of 50 bars for the current movement (to be abundant), waiting for clear short entry signals.
1 signal: the cycle is terminating, correction is coming (it has already started)
2 signal: breaking EMA 7 daily. The last closing has stopped above EMA 7, if today's candle will be red, the signal will be confirmed.
3 signal: the structure in H1 has been compromised (look at the chart in the comments).
So my direction for the next days is short. If something changes, I will give you updates.
Good day and good work!!!
Comment:
Comment:
Watch for pullback confirmation and sell again
Trade closed manually:
After 5 dollars, I think it's time to close. Now will probably start the up movement.
Good luck guys!!!
Good luck guys!!!