My chart describes a possible Short opportunity for USOIL.
I have illustrated a complex pull back. Into the edges of a previous price consolidation zone.
Confirmed Lower Low Bearish Trend.
My prediction Anticipates a rest of the lows.
More natural disasters at hand. Hurricane Irma. Previous storm in Texas, Cause for a selling market for USOIL. Keeping that in mind.
Will update this with my trading coordinates.
I have illustrated a complex pull back. Into the edges of a previous price consolidation zone.
Confirmed Lower Low Bearish Trend.
My prediction Anticipates a rest of the lows.
More natural disasters at hand. Hurricane Irma. Previous storm in Texas, Cause for a selling market for USOIL. Keeping that in mind.
Will update this with my trading coordinates.
Trade closed: stop reached
Comment:
Althought this trade did blow through my stop. i was able to reposition. For the short at the next resistance above. This was an result of poor confirmation. I believe i used a limit order. I shall Learn.
