This is not short yet. We are waiting for the entry point.
We successfully jumped out of oil at the exact bottom when I noticed the intervention.
As you can see someone pumped a big amount of money to prevent oil from a further decline.
This establishment is fighting tooth and nails. But as this is a natural intermediate correction it will fail. The only thing they have achieved is a 200 SMA crawling.. We are just crawling on the 200 SMA. Notice how price bounced at the last lows... ( Red arrows "DCL") Powerful green candles. This time we have just dojis. The decline is not finished yet.
My finger was on the sell button yesterday when oil popped up to 49.50$. We were close but enough close. I think we can bounce up to test back the breakdown at 50.5-51$ (purple neckline) and the 50 EMA. THis is the point I will jump back into shorts. Watch the TSI it's printing a "kiss and goodbye" Most probably it will be a divergence with a lower low in price and no lower low in TSI.
The plan is the following:
I will be selling oil heavily from 50 to 51$.
When I'm ready I will post a final public post for all TradingView audience.
At that time you have to be in position also as thousands will be shorting only at Tradingview...
We will drop quite fast to the panic selling level. And the real party will start below 47$. A 4-5 days of drop. It will look like oil is going to zero. Gartman will come out with his " Oil will never be above 40$ in my life", Saudis will promise everything, OPEC will come out with a new plan etc.
And the rally starts again.
We will fleece this entity this time.
We successfully jumped out of oil at the exact bottom when I noticed the intervention.
As you can see someone pumped a big amount of money to prevent oil from a further decline.
This establishment is fighting tooth and nails. But as this is a natural intermediate correction it will fail. The only thing they have achieved is a 200 SMA crawling.. We are just crawling on the 200 SMA. Notice how price bounced at the last lows... ( Red arrows "DCL") Powerful green candles. This time we have just dojis. The decline is not finished yet.
My finger was on the sell button yesterday when oil popped up to 49.50$. We were close but enough close. I think we can bounce up to test back the breakdown at 50.5-51$ (purple neckline) and the 50 EMA. THis is the point I will jump back into shorts. Watch the TSI it's printing a "kiss and goodbye" Most probably it will be a divergence with a lower low in price and no lower low in TSI.
The plan is the following:
I will be selling oil heavily from 50 to 51$.
When I'm ready I will post a final public post for all TradingView audience.
At that time you have to be in position also as thousands will be shorting only at Tradingview...
We will drop quite fast to the panic selling level. And the real party will start below 47$. A 4-5 days of drop. It will look like oil is going to zero. Gartman will come out with his " Oil will never be above 40$ in my life", Saudis will promise everything, OPEC will come out with a new plan etc.
And the rally starts again.
We will fleece this entity this time.