Feels like a setup for a correction...
Confirmed bounce strategy. going long on an uptrend. P/L = 2:1
Brent is very close to the $44.50 TP after breaking resistance to the upside.
We can hit between 80-100 in wave B to retrace 50-61.8% of wave (A), then down to tag the wave (A) termination point.
Here's my complete count from 2000 until now. Two short term targets are important now. $71.5 $83.68 I expect a failure at one of those levels. Followed by a new decline to <$35. PS: A move above $86.74 would invalidate this idea. $OIL #WTI #BRENT #OOTT $CL $BRN
Market its getting back his fine, and after breaking the resistance with force, market will try to get back his super high up
I think we have gone for local stop-orders of shorts, and now we go to stop-orders of longs. Also we is near strong level of resistance ($37). Nice try for shorts with short stop-orders. Deal: Sell: $36,1 Stop: $37,2 Take: $32,2 Risk|Profit: 1|3,8 Good Luck Have Fun
Keeping an eye on Brent here. Horizontal resistance at around $33.50 currently. A breakout could potentially target $44.50. Alternatively, we could see rejection at around $33.50 where oil could pullback slightly. We wait for confirmation either way.
hi ha divergencia. el 23 de fibonacci coincideix amb un suport anterior.
1. Waiting for the price to enter the Sell zone, the best entry point to sell after updating the local Hi > 36 2. purchases only from the buy zone