WTI - Sell the Trendline Test Short

WTI CRUDE OILTVC

Description

⋅ Feb 16, 2018 9:59 PM

Oil has begun a downtrend and we are currently experiencing a pullback to test the broken updtrend channel.
Sell Oil when it gets close to the channel for a great risk/reward trade.

Comment

⋅ Feb 19, 2018 8:43 AM

Comment

⋅ Feb 22, 2018 6:38 PM

The trade is still valid, it 's doing a retest on the broken trend line. The structure has developed into a larger wedge (fractals).

Trade becomes invalid if the wedge breaks on the up-side.

Trade closed: stop reached

⋅ Feb 23, 2018 6:00 PM

Trend Analysis short

Comments

Remind

⋅ Feb 22, 2018 6:35 PM

The trade is still valid, it 's doing a retest on the broken trend line. The structure has developed into a larger wedge (fractals).

Trade becomes invalid if the wedge breaks on the up-side.

globalnews.ca/news/4036642/ndp-unveils-6b-comprehensive-housing-plan-speculators-in-the-crosshairs/

Remind

⋅ Feb 22, 2018 6:36 PM

@Remind,

oops wrong link

break

⋅ Feb 17, 2018 7:38 PM

very good analysis. price is at resistance Friday close and at the 20 ema. still not sure of direction your chart is very helpful thanks