We just saw a double top pattern in WTI which is signaling a downtrend in Crude Oil. We are shorting it now looking for a 64 as first stop our final target is around 55. Keep in mind that a break on 66 or 64 may be the start of a large move.
Good look
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Short from 66.20
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SL at 67.18 just above the top. Will be chasing down this baby.
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Took partial profits, let's wait some more and seek for RESHORT opportunities.
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We entered a reshort from 64.30, now taking partial profits at 63.00 Expecting to see a lower move but I want to to see a retest and then enter another short.
Trade closed manually
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Enough of shorts, let's aim for 80!
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After the weekend, we analyzed and determined a SHORT was worth it. Short from 67.05, winning so far.