Nshan
Short

USOIL SHORT THE PULLBACK TESTED 618 FIBO WITH LIBTA PATTERN

TVC:USOIL   Crude Oil (WTI)
235 7 5
TP1 44             .8
TP2 42.2
TP3 38
GOOD LUCK
Comment:
snapshot
Comment: TESTING AGAIN THE THE GREEN ZONE AND THE TREND LINE!
YOU CAN SHORT AGAIN BASED ON PRICE ACTION
snapshot
Comment: TP1 HIT
Comment: AFTER HITTING TP1 PRICE WENT HIGHER AND STOPPED AT OUR ENTRY POINT AND EXIT THE TRADE WITHOUT ANY LOSS!
Something is not right in your comments.You can not write: short again and then price hit tp 1. It first hit the tp 1 and then went up where your suggestion was to short again,but price continues to go up.Oil have not been at 44.80 lows last day.
Reply
Nshan PRO Mairita
@Mairita, my dear , 1st of all , when i publish an idea it means i am trying to help others who don't understand charts.
2nd , when i said short again , it was for who didn't enter from the top .
who entered from the top they hit there TP1, and who entered the second time hit there stop loss .
just want to inform you that these are not signal calls, they are just idea's , either to deal with them or ignore them .
Anw good luck


Reply
Mairita Nshan
@Nshan, yea,I know these are not signals.Am just following you for ideas to compare with mine,but was wondering when I saw your comments,very comfusing: looks like you are saying: you can add more sell positions,then hit TP1 and then BE.That was my point,nothing more.Still good call,TP 1 was hit.
Reply
Nshan PRO Mairita
@Mairita, when i say TP1 hit , it means i am talking about the basic chart and not the second additional calls
hope you got it now . good luck to you for the upcoming trades
Reply
Whats your view on Oil going above 52.50 in the short period ? May be worth to SHORT now and aim for 45.00 as a possible TP (as a short term trade) ? If it breaks 52.50 we could see a rally to up toward the 60.00 level.
Reply
Nshan PRO deanferradaz
@deanferradaz, already published my view for OIL , i prefer to short at the trend line when the D leg completes and price action confirmes.
if it breaks that level than the yes the rally gonna start up to 60 61.
good luck
Reply
@Nshan, Thanks for your reply! Best of luck to you too.
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