Short Oil WTI (Round 2!) Short

WTI CRUDE OILTVC

Description

⋅ Apr 12, 2023 5:34 PM

Via SCO Shares:

Due for a pullback and looking toppy. Time for some mean reversion.

SCO
Limit Order Entry Fill: 21.53
Stop: 21.45
PT #1: 22.30
Risk to Reward (R/R): 1:9.63

Trade active

⋅ Apr 13, 2023 9:44 PM

Quick update: I was stopped out of this trade right on the dot and re-entered as Oil WTI was rejected right at the 200DMA.

Trend Analysis

Comments

TheCryptagon

⋅ Apr 14, 2023 7:46 PM

Thanks for sharing your vision

TradingShot

⋅ Apr 14, 2023 7:31 PM

Keep up the good work!

InvestingScope

⋅ Apr 13, 2023 1:24 PM

Excellent technical analysis. Thank you.