Description
⋅ long USOil still from last post at 43s. wave 4 was complete with a A-B-C zig-zag 3-3-5.
unfortunately if we do wave 1 = wave 5... we won't go past 47s. will take profit there to be safe.
will have to zoom out and look at bigger picture to see where we really are.
Trade closed: target reached
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closed USO Oct 7 calls. In 0.14 out 0.35
hourly bear divergence now on oil, should go down a bit before we go back up.
that just completed wave 1 of 3, next move up will be bigTrade active
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stoch RSI finally reached 'top', bear div still present on AO...
Opened USO Sept 16th 11 strike Puts.
will sell tomorrow if we have a nice red day.
wish me luck!!Comment
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sweeet oil died.
updated chart to see my projected price path, based on fib numbers.
still holding those USO puts, will sell when we hit 45.4, probably not by today though :(