US OIL heading to bearish crab territory - levels highlighted on chart.
Aggressive entry : Limit order at 1.618XA = 71.9 Stop : +10 to 20 Pips Conservative entry : Watch Price action on lower time frame ( 1 hr) & enter if get reversal price action such as double top or candlestick formation Target 1 - 38.2% of AD leg , when attained move stop to breakeven or book partial qty. Target 2 - 61.8% AD leg
Trade with care, Gulz
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Nice rejection ..
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Free fall
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This trade taken time more than anticipated as it was forming wedge pattern ... finally we got strong bearish price action, we can aim our targets with stop above 73.. new positions can also opened at cmp 72
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Wedge broke down on the hourly chart
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Hope a close below the green line may trigger the fall
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awsome move
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280 Pips
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Free fall .. +450 Pips Are we on wave 3 ? its always dream for a trader to get entry on wave 3
Trade closed: target reached
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First Target hit Last low @ 65.82 Book half position and hold remaining for target 2 ( by trailing stop)
Trade closed: target reached
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64.2 is the last low .. move stop close to 65.5 or close the position entirely.. It was looking a zig zag (abc) correction, soon the trend may change to bullish