menyuken
Short

OIL FIBO EXT SHORT SETUP

FX:USOIL   CFDs on Crude Oil (WTI)
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10
249 6
Get ready to open SHORT at FIBO EXT (especially for 1.414 and 1.618) according to the candle reaction.

Please aware of the key thing is that we need to pay more attention on the target/retracement of this SHORT setup, need to make sure if the breakout is true or not. In case true, then the AB=CD in weekly view will be confirmed, have a nice weekend ;)

Comment: RSI top divergence in 4H, let's see if double top will be formed in 4H.
Comment: Actually there is TOP Divergence in both daily RSI and MACD. Get ready to pull the trigger;)
Trade active: The fall is already started, which is triggered by the butter fly;)
Trade closed: target reached: Profit was taken at the end of three drive in 1H;)


Good one! ;) Probably, it is a Cypher on a Weekly as A-B retracement hasn´t reached 38.2% level. If so, then Cypher targets 23.6% of X-C which is around 53.96 with pullback targets around 43.33 and 36.76

Check these out =)

+1 Reply
captain_smollett captain_smollett
They all are clickable! =)
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menyuken captain_smollett
@captain_smollett, cool! Many thanks for your comment. I knew Alexander, do you use his script to assist your pattern recognition? If so, was it good?
+1 Reply
@menyuken, hey! I haven´t used the tool as I don´t trade on MT4/MT5 platform. But I watched the presentation videos and it looked pretty easy and precise. To recognize a pattern, though, it is important to know if it is forming near important support/resistance zones, checking divergences and else, and else... =)
Reply
menyuken captain_smollett
@captain_smollett, ok, ok ;)
Reply
XiaoFanXu menyuken
@menyuken, thank you share~~~~~
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