WeeklyTrader
Short

Short at big Down-trend Line and AB = CD

FX:USOIL   Crude Oil (WTI)
238 5 8
1. AB = CD
2. Closed highs trend
3. Weekly TBL down
4. Respect to MA(100)
5. Some stuck below 42$

Entry 44.9~45.1
TP1 : 42.75
TP2 : 41.93
kw1846
3 months ago
You didn't count the highs and lows into your calculation. so the entry should actually between 45.4-45.6
Reply
WeeklyTrader kw1846
3 months ago
well, maybe more proper at that level... it's also the 0.5 fib retrace also, thanks!
Reply
kw1846 WeeklyTrader
3 months ago
You are welcome! And yes, that is where I decide to enter. But someone is also talking about 45.9, which I can not get the idea... Maybe that is the full retracement of the small drop cycle?
Reply
liq PRO kw1846
3 months ago
You mean not including the wicks when placing the terminal points? I have seen many examples otherwise. I also wonder about that, especially when extremely long wicks occur. Please clarify. Thanks.
Reply
kw1846 liq
3 months ago
I mean we should include the wicks, see my words "You didn't count"...
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out