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PateSkpate
Dec 16, 2015 5:59 PM

Crude Oil CL 1hr TCT, Fib Inversion, & Cypher Short

Crude Oil (WTI)FXCM

Description

Well its been no surprise that CL has been in a bear trend for quite some time. We will continue to keep selling the rallies. I just missed my fill on this trade. Maybe it will come back up for me.. We will see. The TCT was based on the 78.6% fib retracement and Fib Inversion Trade which completes at the 1.618% ext. The pullback also put in a harmonic move (not shown on chart).

Entries, Stops, and Targets are all shown on chart.

The Cypher Pattern i'm not worried about right now because its a long ways away and we could re-visit previous lows and still have the Cypher Pattern Valid.

Order cancelled

Congrats on the guys that caught this TCT. Orders are cancelled and will look to sell the next rally.
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