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 early
Trade closed manually
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