US Oil - Last downward leg- Pt.2- About to become impulsive?
Hello traders,
in our previous posts about oil we highlighted how we expect cycle wave 2 to complete around the 57-63 area with the final C wave of the corrective structure.
We then showed how we applied leading indicators to obtain confirmation of more downside:.
We entered at the golden zone (61.8%fibo) strong volume rejection.
We are short from @78.18 aiming to ride the microcount outlined in the chart. Stop loss on entry as per the update in previous post.
Cheers
GMR
in our previous posts about oil we highlighted how we expect cycle wave 2 to complete around the 57-63 area with the final C wave of the corrective structure.
We entered at the golden zone (61.8%fibo) strong volume rejection.
We are short from @78.18 aiming to ride the microcount outlined in the chart. Stop loss on entry as per the update in previous post.
Cheers
GMR
Trade active:
kiicked out on entry.. wolfe wave went for the full target.
Restriking @79.8 sl 80.5 risk 0.5%
Restriking @79.8 sl 80.5 risk 0.5%
Trade active:
Trade active:
stop loss extended 81.2 risk 1%
Trade active:
stop loss on entry
Trade active:
still holding our short position. IMonitoring this structure, a break may accelerate the downside
still holding our short position. IMonitoring this structure, a break may accelerate the downside
Trade active:
Trade closed manually:
closed on entry.. possibility of a triangle will be discussed in next post
