FX:USOIL   Crude Oil (WTI)
45 2 3
short 47, stop 48.1, target 33.5
Nice chart. Agree with the sentiment. How did you arrive at 48.1 as your stop? W/ a target of 33.5, I would have looked to the 78.6% fib ext at 50.12 for a stop. Just curious. Thanks.
Reply
julia17 simonsays452
i just make stop above red downtrend line on weekly, to be accurate, break zone on 47.7, plus 40 points for fake breakout, so 48.1.
target is the low of blue channel, which coincides with 1fib.
and daily overbought may give a good entry here.
+1 Reply
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