gulz

CRUDE OIL / ABCD PATTERN / STRUCTURE / RSI DIVERGENCE // 4 HR

Short
NYMEX:CL1!   Light Crude Oil Futures
Please refer chart for details
Trade active: Also top of the channel resistance .. coming weeks might be for bears
Trade active: Nice rejection from the top
Trade active: Last Price @ 64.39
Stop moved to breakeven
Trade active:
Trade active: Looks like bulls are not even strong to make a retracement
Comment: A break and close above the resistance line will lead price to 38.2%-61.8% fib level -- This is where next leg of short entry can be used to enter.
Trade active: Impulse to down .. heading to target 1
Trade active: 200+ Pips
Trade closed: target reached: Target 1 hit ( 300 Pips) - Pls book half qty
Trade active: Keep stop loss 63.9 for the remaining qty
Trade closed: target reached: Closed remaining position at 63.9 .. it was a nice trade

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