PateSkpate
Short

Crude Oil WTI 60min Trend Continuation & Bear Cypher

FX:USOIL   Crude Oil (WTI)
a year ago
Still looking to sell Rallies in Crude. I'm looking for a deep retracement back to $40.00 level. $40 is a key level for Crude if we want to maintain a Bearish view on the market.

For all of you that use Combined Technical Scoring System ( CTS             ) to help evaluate trades, we are already at a 7. It will more than likely get a higher score as it comes time to enter.


Reasons for Entry @ $40.00

1. Bear Cypher - Cypher Completes right at the $40 level.

2. Major Structure - We have Major Structure at the $40 level with multiple tests of it on the way down. So we can assume that it will act as Resistance on the way up.

3. Fib Inversion Trade - Take a Fib Inversion off the last pullback down at the lows and looking to sell the 1.618% Fib Extension
10 months ago
Order cancelled
KayJay
a year ago
great
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out