Black Diamond for Sale

Updated
Oil is on the top of the trend line and has shown a reversal diamond patter.
Short this rally, don't risk too much of your money, it's a bull market after all.
Take 70% profit on the first target indicated on the chart.
Note
First target was hit and bounced up from the support. I hope you guys took Profit on 70% of your position.

At this stage you can let the rest of the 30% run to the second target. Move your stop at breakeven point for the last 30%.
Note
snapshot

watch for the breakdown
Note
snapshot
here we go
Note
snapshot
Note
snapshot
Breakdown failed, Moving stoploss to 55.55. remember this is the last 30% of your position.
Note
Trade closed. Descent profits.
I'll be waiting for a long entry
Trend Analysis

Disclaimer