If confirmed, it should be completed between today and next Tuesday. Will open a long position at 40.31 which is a 50% Fibo retrace from yesterday´s movement. TP: 44 .50, SL: 39.50.
This movement was a part of my longer term EW setup. Therefore, if this movement happens, I will post this long term trading setup.
W1 and W3 are zig-zags, therefore it is a correction. Will try to post a longer term movement on a weekend. For now, I keep my only left long at breakeven.
Will add long only if I see a sharp movement up
Still expect oil a little higher, then one more leg down