BULLS BE CAREFUL - US OIL APPROACHING TO BEARISH CRAB TERRITORY
Hi,
US OIL heading to bearish crab territory - levels highlighted on chart.
Aggressive entry : Limit order at 1.618XA = 71.9
Stop : +10 to 20 Pips
Conservative entry : Watch Price action on lower time frame ( 1 hr) & enter if get reversal price action such as double top or candlestick formation
Target 1 - 38.2% of AD leg , when attained move stop to breakeven or book partial qty.
Target 2 - 61.8% AD leg
Trade with care,
Gulz
US OIL heading to bearish crab territory - levels highlighted on chart.
Aggressive entry : Limit order at 1.618XA = 71.9
Stop : +10 to 20 Pips
Conservative entry : Watch Price action on lower time frame ( 1 hr) & enter if get reversal price action such as double top or candlestick formation
Target 1 - 38.2% of AD leg , when attained move stop to breakeven or book partial qty.
Target 2 - 61.8% AD leg
Trade with care,
Gulz
Note
Trade active
Trade active
Nice rejection ..Trade active
Free fallTrade active
This trade taken time more than anticipated as it was forming wedge pattern ... finally we got strong bearish price action, we can aim our targets with stop above 73.. new positions can also opened at cmp 72Trade active
Wedge broke down on the hourly chartTrade active
Hope a close below the green line may trigger the fall Trade active
awsome moveTrade active
Trade active
280 Pips Note
Free fall .. +450 Pips Are we on wave 3 ? its always dream for a trader to get entry on wave 3
Trade closed: target reached
First Target hit Last low @ 65.82
Book half position and hold remaining for target 2 ( by trailing stop)
Trade closed: target reached
64.2 is the last low .. move stop close to 65.5 or close the position entirely..It was looking a zig zag (abc) correction, soon the trend may change to bullish
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