looking at this low time frame set up for a day trade. entry trigger 49.40 which is a break of wave 4 on small impulse leg down (c leg) of larger correction. exit at a projected 3rd wave target. Remember your money management risk amount and trade with discipline.
Comment:
sharp impulse leg down on lower time frame, this has a good chance of leading to a reversal of this bounce in oil and I have exited all long holdings. Will look for short set ups from here on higher and low time frames.
