TVC:USOIL   CFDs on WTI Crude Oil
i believe it could be long or short depending on what thats plays out

I am initiating Short if:
. Breaks wedge downwards
. making a double top
. breaks the 1 day trend line (yellow) heading back towards the bottom of the channel
.breaks the RSI trend line heading for the bottom
. breaks the pivot point which is located on one day trend line (yellow)

I am initiating Buy if:
. Stays above pivot
. Breaks R1 pivot and ascending wedge for a blow out
. bounces off of RSI Trend line


Trade with caution it is never 100% correct

If anyone thinks otherwise or has other ideas and criticism please go ahead i am open to all of it and willing to learn as i am new to trading
hope this goes as planned like my other idea i posted which turned out very successful

Thanks Lewis
Feb 14
Comment: TP1 Hit
Feb 14
Comment: Using top of wedge as a resistance at the moment
lets what and see if it bounces
Feb 14
Trade closed: target reached: hit tp1 forming double head
Feb 14
Trade active: trading still active ignore above
Feb 14
Trade closed: target reached

Comments

TP1 Hit
Reply
Using top of wedge as a resistance at the moment
Reply
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