Eloquent

peak euphoria.

Short
Eloquent Updated   
OANDA:WTICOUSD   West Texas Oil
i'm just going to straight up say it,
the top is in on oil.

Very clean 5 wave impulse which had begun two years ago has finally been completed back in February.
----

predicting the crash of oil prices in the next few weeks.
i don't drive, so i don't really care for it,
but, it should give all those drivers a bit of relief.

----

conservative downside target = $57 a barrel.

Trade active:
appreciate your opinion dear keyboard heroes, but let's talk about it in a few months 🥂
Comment:
if you've been following me for awhile, you'll know that i'm not a bear or a bull; i'm a wolf.

to be stuck forever on a single side is to admit complete and total ignorance.

if i share a bear case, that doesn't mean i'm bearish.
if i share a bull case, that doesn't mean i'm bullish.

my job is to entertain both sides of the story, and await further confirmation in either direction. then use my own unique strategy to identify a safe trade setup with a very high r\r ratio. my current r\r ratio is 1:10, but it could be as high as 1:50 during proper market conditions.

the market doesn't move in a straight line, nor does it care about how you or i feel. it is a highly complex ever-shifting algorithmic environment, which has a thousand different factors at play in a single moment.

if you trade only based on fundamentals, that's great m8; just don't come to my page talking smack about my strategy. you don't know who i am, and you have no idea how i view this world.

that being said, have a wonderful day 🤝
Trade active:
let's get itt

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.