TradingView
tntsunrise
Aug 22, 2016 7:04 AM

Oil breaks trend line support Short

Crude Oil (WTI)FXCM

Description

Oil breaks trend line support

Short the Pull Back

LIBRA PATTERN+618
48.63 is good place
Comments
MiDiGre
Jack...is 48.63 still possible as entry price or have we look for another entry?
AYosof
appreciate your feedback on this ??
PonmudiKrishnan
when will bounce back start
PonmudiKrishnan
hi
tbuckle
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?
Daniel_APM
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.
tbuckle
My question was not directed to you.
Prome
How is this trend line drawn? it seems half way between a candle chart TL and a line chart TL.
fxcali
I'm short from 48.52 and I think it can drop to 44.69 or 44.03 to long term.
MertErten
I'm short from 47.70
1st target 46.0

More