tntsunrise
Short

OIL Forms a TRI-ANGLE, still prefer to short

FX:USOIL   CFDs on Crude Oil (WTI)
6801 38 167
OIL             has stopped making
lower low
but lower high still in play.
Therefore we can see a tri-angle

if break upward, oil             will test 47 level again
if break downward, oil             will make lower low and
goes to 42
what I prefer to do is still short oil             .
the structure tells me that the pressure is very big
Comment:
Comment: nice one. 40.44
Comment:
Comment:
channel broken
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Hi Jack, could you please offer your thought to current Oil actions? Thanks
Reply
the oil will go up strong?
Reply
Hi jack, any update on this? Seems to have broken previous high
Reply
Thanks Jack just went in on the top, then it turned,... what is the target?
Reply
So Jack, we see now that the channel is broken, can we short now Oil, or better wait for a pullback and short? Thank you !
Reply
The pull back is already happened
+2 Reply
Dguaman tntsunrise
So isnt good to short now at 42 ?
Reply
dun chase the price.
Reply
Thanks for the idea Jack, if you don't mind me asking what values you use for RSI, just default? Thanks again
Reply
tntsunrise asTroLoGiCaL
7
+1 Reply
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