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gulz
Mar 23, 2018 7:20 PM

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

Crude Oil FuturesNYMEX

Description

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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