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Summerset
May 20, 2020 2:42 PM

Breakout of Final leg of correction (A) in Oil Long

WTI CRUDE OILTVC

Description

Final Corrective leg (e) in Wave -A

This could spike to $38 = 78.2% of bear wave down - See Chart on past trade idea published

In the current motive advance
Buy $ 33.1 target $ 35.1 Sl 32.1
Buy $32.9 target $ 34.9 Sl 32.1

Comment

All limit entries should have been market filled
Amend stops down to $31.8 from $ 32.10 to avoid spikes.
This takes risk to -$1300 / standard contract
Profit remains the same at $2000 / standard contract

Comment

Raise SL to B/E (Entry + Broker comm)
TPs (Take profit limits remain the same).

Comment

Sl hit at B/E (entry + comm)in Asia trading. position closed.
Wave-A has concluded at $34.66. Will focus to take a sell into wave-b around this level.
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