USOIL Short Term Outlook |19-May

Holla,

Do you agree with my chart analysis? I expect a pullback until my sell line. My plan is to wait for candlestick structure as a confirming catalyst before opening a position.

Checklists;
1. Price must touch my entry zone
2. Price bar (4hr) must close below my zone after touching my entry zone.
3. i want to see candlestick pattern ( mostly pin bar or bearish engulfing candle) before looking for entry.
4. Chart pattern like rising wedge would me an added advantage


Will update intermittently...


Kings.

Handel aktiv:

Bearish engulfing confirmed my analysis. Am shorting USOIL real bad.

Kommentera:

I expect price to run back to 111.625 zone for a retest. Am securing my profits here to re-enter at 111.625 zone. 200+ profit secured (smiles)

Handel aktiv:

Our harvest is overripe. Am re-entering again once 1 hr low is broken. Oil may drop real good this time. Get ready for the ride amigos.

Trade stängt manuellt:

calling off this trade as there is no volume to move the price.