GcNaif
Short

Short based on Gann n Clone Levels - Intraday trade

TVC:USOIL   WTI Crude Oil
After the rally from 45.5 to 49.60 (big completed gann ) , i am expecting some retracement on it, it looks like the retracement has already started. Oil             has the tendency to retrace at least 50 to 75 % of the rally. In this case the 50 percent of big move is around 47.5. As long as the price stays below the high of 49.6 i will be interested to short this below 48.6 for targets around 48.20/47.5 and 46.49 or gann double arcs can be considered for take profits.

This idea will be invalid if price goes above 49.6x.

Please note this is not a trade advice. please do your due diligence before placing the trade.

Comment: Target 1 achieved 48.2
I am a Chart Slave.Thank you TradingView and @nmike.
@GcNaif , hahaha only i am qualified to use the word "SLAVE"
talking about oil
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Excellent work. I'll be looking to buy in 46/47 range. Most like May 24 will be the overshoot crazy down day.
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