RalphStPierre

OIL 15m TF FG trade triggered

TVC:USOIL   CFDs on WTI Crude Oil
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Divergence, Double Top , close below the wave in the wave 4 reversal zone triggered a short trade. A pullback into the wave or slightly above will trigger
a second short entry. A close above the high Stops out trade. But will not invalidate the 1hr TF BO4 short idea until price closes above the count invalidation zone on the higher TF, So bascially, a small trade on the lower TF to test the waters . Tradeng TOPs without validation on a higher TF can wreck havoc on ones capital. Trade
accordingly and with realistic money management.
Trade closed: stop reached: Trade stopped out negative on two positions. Still looking to take Oil lower. Sometimes its good to test the waters with small trades. Sometimes its not.
In fact, this chart provides a different perspective of the market. This type of charting idea never passed through my mind. It is always good to keep in touch with professional traders.
Thank you for sharing this chart. Continue your good work.
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