Thoughts? Waiting for possible C to re-load

giving considerations for a long inverse head and shoulders set up. I would like to long $47.21, but I can see oil breaking the channel.

Note

Note

*1hr view* AD showing bearish head and shoulders pattern. 3/15 bearish cross confirmed. Don't want to see either of the 3 or 15 ema cross over the 50 ema, puts pressure on $48.63 level my current target based off 1hr chart

Note

Still waiting on Handle to be completed on the Daily

Note

that channel is being tested

Note

we'll know soon enough

Note

this gives a 10/1 risk reward ratio w/ a stop at the left shoulder low. Notice the target the 161.80% fib level $55.75, this is all considering $47.00 is not the bottom and that oil retraces to the .382% fib level

Note

going long here for scalp to at least $49

Trade closed: target reached

closed short

MoneyFlowTrader

Also on:

MoneyFlowTrader

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.