purpurato59
Short

Oil was correcting

FX:USOIL   Crude Oil (WTI)
I was thinking before that we entered a new phase of an upward trend, but it looks more like we're just making a small correction to keep the way down.
Once the price hit 0,23 fib retrace of the channel, it bounced and is now keeping its way down to... a lower low (below 39). The money flow was below 50 in the bear range and now that we hit resistance it bounced together with price.
Trade closed: stop reached
Comment: Fib channel still valid, correction hit 0,5 exactly.
Talk about a bad call here. Oil doing a vertical liftoff now.
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That's a non constructive comment, it's quite easy to say that afterwards.
I would judge on your published ideas, but you have none.
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