After being stopped out by a marginal higher high I've now re-entered a short with SL just above 74. Looking to profit from this one as I am confident that OIL will pull back.
Hey trader, I hope you having a profitable week. If not, try this:
But first, let me explain how these trades will be triggered. If the price bearish bounces off the 4H Half a Bat Neckline, 50 and short-term MA’s with a bullish reversal candle close (1st trade signal), then proceeds to bullish break and retest the (Possible) 4H H&S Neckline (2nd trade signal);...
$USOIL is again passing that 45.66 resistance mark spoke of in early ideas.
It is nearly dead center of the trade channel it was before the anomalous dip that is highlighted in the red oval.
The target on this remains just under 50/b. The path seems to be clear to it, but we will have to keep an eye on industry activities with regard to shutdowns, etc. While the...
