Looking at the 1hr chart on oil..
1) I noticed the bear flag (hasn't completed or broke out to the downside)
2) looking for a bullish scalp to $84-84.10
3) wave trend oversold
4) I'm only long to the apex which i'll wait for confirmation
5) looking for a retest back to the 84 supply zone, which will still keep price action inside the bear flag. at that point i'll re-evaluate
This is a futures trade for me... no options or equities
not trading advice, please do your own due diligence
1) I noticed the bear flag (hasn't completed or broke out to the downside)
2) looking for a bullish scalp to $84-84.10
3) wave trend oversold
4) I'm only long to the apex which i'll wait for confirmation
5) looking for a retest back to the 84 supply zone, which will still keep price action inside the bear flag. at that point i'll re-evaluate
This is a futures trade for me... no options or equities
not trading advice, please do your own due diligence
Trade closed manually
closing this trade earlyNote
if the demand zone fails 81.50 on good volume i'll enter the short
closing the short here, and will go long via gush til the trend line resistances, and look to switch back via drip the oil 2x bear (trade carries risk) expecting a shakeout
Trade closed manually
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.