As described in the chart... My strategy is to build the short position up to 24800 with the SL set slightly above 25000. I will add some more if the break of the trend line occurs sooner (it might). Good luck. This idea applies for the SP500 as well...
If the oil would drop through the blue line, I start to believe that 10 dollars per barrel is coming next.Fractals in oil. What would happen in the world to send oil to 10 dollars? ..the commodity controlled by three men only... Black gold. :) Anyway, not looking good for oil... Do not take it too seriously, but consider it. Have fun, trade with smile folks.
What comes up must go down... 10y of parabolic growth are behind us, but what is next? Drop. A big one. Just to keep in mind to move SL to BE as soon as possible if taking longs in this market... :) Enjoy the drop, have fun and trade with smile... :)
triangle breakout, posibble long trade with kinda tight stop loss... Stop loss can be set lower, strongly depending on your risk and money management... Things can turn around qiuckly... Good luck, enjoy and have fun... :)