Long USOIL
Updated
i believe it could be long or short depending on what thats plays out
I am initiating Short if:
. Breaks wedge downwards
. making a double top
. breaks the 1 day trend line (yellow) heading back towards the bottom of the channel
.breaks the RSI trend line heading for the bottom
. breaks the pivot point which is located on one day trend line (yellow)
I am initiating Buy if:
. Stays above pivot
. Breaks R1 pivot and ascending wedge for a blow out
. bounces off of RSI Trend line
Trade with caution it is never 100% correct
If anyone thinks otherwise or has other ideas and criticism please go ahead i am open to all of it and willing to learn as i am new to trading
hope this goes as planned like my other idea i posted which turned out very successful
Thanks Lewis
I am initiating Short if:
. Breaks wedge downwards
. making a double top
. breaks the 1 day trend line (yellow) heading back towards the bottom of the channel
.breaks the RSI trend line heading for the bottom
. breaks the pivot point which is located on one day trend line (yellow)
I am initiating Buy if:
. Stays above pivot
. Breaks R1 pivot and ascending wedge for a blow out
. bounces off of RSI Trend line
Trade with caution it is never 100% correct
If anyone thinks otherwise or has other ideas and criticism please go ahead i am open to all of it and willing to learn as i am new to trading
hope this goes as planned like my other idea i posted which turned out very successful
Thanks Lewis
Note
TP1 HitNote
Using top of wedge as a resistance at the momentlets what and see if it bounces
Trade closed: target reached
hit tp1 forming double headTrade active
trading still active ignore aboveTrade closed: target reached
Note
whoops should of held it
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