The bearish shark told us the usoil is heading for 39.75-40.2
After this shark ,i will long at the 5-0 pattern followed
Trade active:
Short at 40.85
SL:42
TP:36
SL:42
TP:36
Comment:
The price reverse sharply
Comment:
I paste a chart of 5-0 pattern
this pattern told us the PRZ is at 50%BC and the reciprocal AB=CD
but we can see these price level does not converge well ,one hand is that we are looking at a continuous contract,on the other hand,the prices ususlly reverse from 0.618BC.
So, everything depands on how the market goes,and noting could be predicted exactly
Once the price goes down towards the area,pay attention,and decide bravely.
this pattern told us the PRZ is at 50%BC and the reciprocal AB=CD
but we can see these price level does not converge well ,one hand is that we are looking at a continuous contract,on the other hand,the prices ususlly reverse from 0.618BC.
So, everything depands on how the market goes,and noting could be predicted exactly
Once the price goes down towards the area,pay attention,and decide bravely.
Comment:
I already take 1/3 my profit ,have you?
Comment:
the price goes nicely ,but is getting closer to the PRZ
Comment:
AB=CD pattern
0.618 retracement
these two patterns tell us the 39.6-39.7 is a great level to short again
0.618 retracement
these two patterns tell us the 39.6-39.7 is a great level to short again
Trade active:
Trade active at 39.6
SL:40.2
SL:40.2
