tntsunrise
Short

Oil breaks trend line support

FX:USOIL   Crude Oil (WTI)
7375 22 144
Oil             breaks trend line support

Short the Pull Back

LIBRA PATTERN+618
48.63 is good place
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FBO
5 months ago
Il tough you were already short ? Are you not ?
Reply
ican_y FBO
5 months ago
He shorted@48.1 and then stopped out@48.5
Reply
TadeMark PRO
5 months ago
Learning alot from your chart. Thanks
Reply
RadheshwarSharma
5 months ago
sir, i short at 48.52,what is sl and target?
Reply
smagombe
5 months ago
will set a sell stop at 47.90
Reply
RadheshwarSharma smagombe
5 months ago
stop 47.90?
Reply
smagombe RadheshwarSharma
5 months ago
sell stop
Reply
elbistan
5 months ago
Excellent chart setup.
Reply
tbuckle PRO
5 months ago
What is your target for oil profit on the short?
Reply
jayt88 tbuckle
5 months ago
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
Reply
copydrbij PRO
5 months ago
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.
Reply
tbuckle PRO
5 months ago
Do you feel confident that it will indeed make it back to 48.6 for the re short?
Reply
MertErten
5 months ago
I'm short from 47.70
1st target 46.0

Reply
fxcali
5 months ago
I'm short from 48.52 and I think it can drop to 44.69 or 44.03 to long term.
Reply
Prome PRO
5 months ago
How is this trend line drawn? it seems half way between a candle chart TL and a line chart TL.
Reply
tbuckle PRO
5 months ago
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?
Reply
mnwind tbuckle
5 months ago
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.
Reply
tbuckle PRO tbuckle
5 months ago
My question was not directed to you.
Reply
PonmudiKrishnan
5 months ago
hi
Reply
PonmudiKrishnan
5 months ago
when will bounce back start
Reply
AYosof
4 months ago
appreciate your feedback on this ??
Reply
MiDiGre PRO
4 months ago
Jack...is 48.63 still possible as entry price or have we look for another entry?
Reply
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