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breakoutfakeout

US Oil short - divergence after breakout

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
breakoutfakeout Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators Crude Oil WTI Oil oiltrading WTI wticrude Crude Oil wticrudeoil oilforecast oilprice
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trendanalysis chartpattern indicator usoil oil oiltrading wti wticrude crudeoil wticrudeoil oilforecast oilprice
Nice divergence on the 1hr chart on the MACDH and RSI. This could be oil topping out here temporarily after a great run up and bull flag/penant continuation pattern.

Opportunity here to take a short on divergence with a nice 1hr dojo reversal candle to. If the stop gets hit (top of candle) I would expect this breakout to continue powerfully to the upside so I will simple reverse and go long

Likely a win win trade again
Trade closed: stop reached:
Reversed long target 41-gap fill. Inverse head and shoulders
About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.




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