Risk reward favourable for short idea.
Flag erosion in the first week of the month (red circle) hinting at a sell off.
Short crude risking new high 55.20+
Flag erosion in the first week of the month (red circle) hinting at a sell off.
Short crude risking new high 55.20+
Comment:
We'll see how it reacts to stats today
Trade active:
Short at 54.75 on April contract
Comment:
potential short set up
Comment:
Worked
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Trade active:
Adding to short
Comment:
stopped out of additional short
Comment:
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Will take half off my short at 52.70. Could see a bounce here
Comment:
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crude gets an ass kicking :D
Comment:
$50 here we come
Comment:
Covered short at 50.20
Comment:
cover closed out at entry
SL on short moved to 50.20
may flip to long sub 49.40
SL on short moved to 50.20
may flip to long sub 49.40
Comment:
overall I'm bulled up but this the corrective move anticipating first
Comment:
inverse H&S break - Bullish
Wedge break - Bullish
Wedge break - Bullish
Comment:
hit 1.618% hit and bounced
Looking at long set up
Looking at long set up
