tntsunrise
Short

USOIL Short the 0.618 PULL BACK

TVC:USOIL   CFDs on WTI Crude Oil
USOIL             Short the 0.618 PULL BACK
+ Structure.

Ideal Entry is 44.49.
Comment:
Exit this add-on short position coz it passed 45.92

Now I am waiting for the daily candle to be closed below 45.92 again
and re-enter
Comment:
Comment:

Sold at 45.27
Comment: GAP UP, Changed Contracts, trade stoped out.
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Hi Jack, a bit an unexpected jump up on oil today? Any thoughts?
Reply
I am not suggesting short oil at these levels. 4 hrs chart look quite bullish soon.
Reply
thats bad!
Reply
Hi Jack,
Have you put your SL around 45.60 area ?

thanks
Reply
I think we should have short at 46.41,the 1.13 reverse extention,which means false breakout.
Reply
Short at $46 thanks Jack
Reply
Thanks for always sharing your views! Took the short side at 46 today (using 46.17 as the 0.618 retracement), and am using the same TPs. Really appreciate how your share your thoughts and work.
Reply
Jack , did u see the yesterdays russian announcement said they will freeze the oil production? I think it might go higher and pin bar maybe fake this time
Reply
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