Hello traders! In previous posts (links in description) we argued about how we believe Oil to be in a cycle corrective wave after big impulse from covid low. We believe this corrective move is unfolding as a triple three targeting the GZ, and confluence zone, in the 56-63 area. This is a big picture of this macro view A great long opportunity will later come in oil, that we will be able to discuss in the future. But first, we expect another leg down. As showed in the main chart, we believe the last ABC of the triple three to be in the making, with a triangolar wave B that may be concluded. We will update here for possible short setups. Bests GMR
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triangle breakout
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retestiing cluster @75.82 on possible 1212, entered short
Trade active
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stop loss on entry
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1st target reached. Closing half of the position. Profit = 1.8% of equity
Trade closed manually
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double bottom. closing other half at 1.6% profit Total Profit: 3.4%