tntsunrise
Short

Oil breaks trend line support

FX:USOIL   Crude Oil (WTI)
7383 22 144
Oil             breaks trend line support

Short the Pull Back

LIBRA PATTERN+618
48.63 is good place
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Il tough you were already short ? Are you not ?
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He shorted@48.1 and then stopped out@48.5
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Learning alot from your chart. Thanks
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sir, i short at 48.52,what is sl and target?
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will set a sell stop at 47.90
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stop 47.90?
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smagombe RadheshwarSharma
sell stop
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Excellent chart setup.
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What is your target for oil profit on the short?
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jayt88 tbuckle
A good target would be 45.3 (0.618) Fib level.. Otherwise you can consider taking some profit now as it is at the 46.9 (0.786) level
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Hi Jack, thanks for your ideas and charts they are great. I have a question about this particular one though if i may: how do you account for roll over in the setup? Imo CLV is calling the shots atm, not the continuous. Thanks for any kind of reply.
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Do you feel confident that it will indeed make it back to 48.6 for the re short?
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I'm short from 47.70
1st target 46.0

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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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How is this trend line drawn? it seems half way between a candle chart TL and a line chart TL.
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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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when will bounce back start
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appreciate your feedback on this ??
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Jack...is 48.63 still possible as entry price or have we look for another entry?
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