The medias are talking about a bear market and oil is going to down to $40 per barrel. I think we are already at a turning point.
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This is going as planned
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It does look like it is consolidating at this point so I would tighten my stop at this point. It could break the trendline and the go to the next trendline before moving higher and complete the initial structure.
It does look like it is consolidating at this point so I would tighten my stop at this point. It could break the trendline and the go to the next trendline before moving higher and complete the initial structure.
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So shorting seemed like a good idea
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After being short for a while I have now gone long again
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I have tightened my stop and hope for more upside from here