dionvuletich
Short

USOIL Daily 2x Shark Patterns

FX:USOIL   Crude Oil (WTI)
294 3 3
USOIL             - 2x Possible shark patterns lining up with long position targets

Will be triggering a stop and reverse short for at least a short term retracement
Trade closed: target reached: Long trade closed for 9:1 win
Trade closed: stop reached: Shark pattern 1 stopped out for 1R loss
Trade active: Shorted Shark pattern 2 around $41 looking to target 1 at 37.36 and target 2 gap close $29.64 on daiy chart
Trade closed: target reached: Taken target 1 out for 2.5:1 winner stop to be on 2nd portion hoping to reach $29.64 but will be trailing stop above lower swing highs
Very good pattern identification Dion. My bet is on no.2 with a target of ~40, provided the very strong resistance around 33 is overcome.

snapshot
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dionvuletich cfetrader
I totally agree, I am actually position long oil but I like the upper level better for a short
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dionvuletich dionvuletich
9.2:1 winner - looking to sell....
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