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: nice one. 40.44
channel broken
To lean Jack's Full Trading System:
Weechat ID: 32114564
Hi Jack, could you please offer your thought to current Oil actions? Thanks
the oil will go up strong?
Hi jack, any update on this? Seems to have broken previous high
Thanks Jack just went in on the top, then it turned,... what is the target?
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 !
The pull back is already happened
+2 Reply
Dguaman tntsunrise
So isnt good to short now at 42 ?
dun chase the price.
Thanks for the idea Jack, if you don't mind me asking what values you use for RSI, just default? Thanks again
tntsunrise asTroLoGiCaL
+1 Reply
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