USOIL: OIL DOWNING, OR ONLY MY IMAGINATION ^_^ Short

Crude Oil (WTI)FXCM

Description

⋅ Apr 7, 2016 2:33 PM

Short
Conservative stop on chart, but I have just used an aggressive stop to go short, right here.

Let's see what happens

⋅ Apr 8, 2016 4:36 PM

Conservative stop still good.
Aggressive stopped out

Measured Move Target Met.
s3.amazonaws.com/tradingview/snapshots/c/C3BOKMCD.png

Comments

archiki

⋅ Apr 8, 2016 3:37 AM

Nice chart :-) i had Oil bouncing to perhaps 38.50 and starting an immediate reversal towards 34. :0) I think we are all on the same page :-)

moorekapital

⋅ Apr 8, 2016 3:57 AM

Rightly so. Only if the spin top currently is not taken out

moorekapital

⋅ Apr 8, 2016 4:01 AM

OR, could this possibly be the case........

QuantitativeExhaustion

⋅ May 9, 2016 5:15 AM

Looks like it was the case. Short Squeeze and soon followed by Hot Margin Money to go bear hunting... now you are long Oil and CADUSD?

moorekapital

⋅ May 9, 2016 5:50 AM

Im not long Oil yet. Tis currently in trading range, and can do down again. based purely on PA. ^_^

PowerOfCapital

⋅ Apr 8, 2016 4:55 AM

If spin top is a green one, it will be perfect , unfortunately it's not.

newbie2016

⋅ Apr 7, 2016 2:35 PM

check this one..

moorekapital

⋅ Apr 7, 2016 2:43 PM

Great job! I didnt see the possible HnS pattern. Looks good

newbie2016

⋅ Apr 7, 2016 2:52 PM

I am bullish on usdcad.. so having good eye on all posibilities on oil.. check this..

PowerOfCapital

⋅ Apr 8, 2016 4:51 AM

Nice observation! Thanks for sharing!