tntsunrise
Short

Oil breaks trend line support

FX:USOIL   Crude Oil (WTI)
7402 22 144
Oil             breaks trend line support

Short the Pull Back

LIBRA PATTERN+618
48.63 is good place
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Jack...is 48.63 still possible as entry price or have we look for another entry?
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appreciate your feedback on this ??
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when will bounce back start
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Do you believe oil will test this 48.63 area in the near term and provide a short opportunity or after todays price action is it unlikely to revisit that area before moving down?
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mnwind tbuckle
It is a tough business. No one knows. What I have learned is that, the stronger the trend, the less the Pull Back. Unfortunately, we don't know how strong the trend will be until hindsight.
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My question was not directed to you.
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How is this trend line drawn? it seems half way between a candle chart TL and a line chart TL.
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I'm short from 48.52 and I think it can drop to 44.69 or 44.03 to long term.
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I'm short from 47.70
1st target 46.0

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