Opportunity (to add more positions) for a short? Short

Crude Oil (WTI)FXCM

Description

⋅ Feb 10, 2015 1:19 PM

A megaphone pattern is emerging very clearly on the 30min chart. Since I'm already short I'm gonna add to my positions at the top of it.

I really wanted to bring it every ones attention in case they find it important rather than as a trade idea as such.

Good luck!

megaphone broadening-formation

Comments

HexVex

⋅ Feb 10, 2015 3:13 PM

No probs, good luck.

HexVex

⋅ Feb 10, 2015 2:56 PM

You want to know where to put a stop? If you opened a short on the top of the 'megaphone' place your stop below it to protect your position.

sorinelp

⋅ Feb 10, 2015 3:03 PM

tk you v. m.

sorinelp

⋅ Feb 10, 2015 2:39 PM

know where they can stop please

HexVex

⋅ Feb 10, 2015 1:29 PM

Note the Bollinger bands are also converging with an upward bias on the 4hr chart and MA's trying to turn positive on lower time frames. Could be a warning.