WTI - going short

Greetings all.
Entry point in green area - around 52,00
TP below 49,00
Am in Far east next week - so not sure I will be able to update when trade is active.

Happy tradings and take care.

BR
Christian

Comment:

Well - it just went through the roof and trend line.
I am a little cautious at the moment. With such impulse - it could get a correction and a new impulse in bullish direction.
I am waiting for more clear results of direction - before I enter the trade.

Comment:

Looking at the past - all it could prove to be similar move as back in March
All indicators are pretty similar

Comment:

And it went down again - but what will it do next?
Looking like more downside - but how much of a correction will it be to the upside? I find it hard to spot from the chart at the moment - so will just remind every one to be carefull out there ;)

Trade closed: stop reached:

I close this - as I believe we will see a correction down wards the next couple of days (maybe more) - but after that a bullish impulse.