Oil is showing the classic Wyckoff pattern here... I'm expecting the trend to continue into the lower 50s, and then see a minor pullback to begin the flag process around 51.10-51.30. From there we should see a bullish flag, and once it breaks, I'm expecting it to head to 56.7, with 56 being the minimum. TP 1 for a conservative approach would be 51.10, but my TP will be 56.7. Here goes nothin
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Have been adding in as this daily candle has dropped; weekly candle looks amazing right now, and where we are closing is not too shabby at all
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Closed all my positions for now, some in blue, some in red, waiting for daily close
Trade active:
forgot to add the active part, but going well so far
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this TP might be 55 vs. 56.7, depending on the broker feed. I think my broker price is a little higher than some, and a little lower than others. but structure remains the same, and 55 is a safe long term TP. TP 1 almost there (51-51.15 depending on broker)
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Stops moved to breakeven after the rise. Took profit on scalps, and if longer term ones get stopped out, will look for better entries
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Spectacular
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Tp1 hit, tp2 awaiting
Trade closed manually:
:)