nice healthy pullback for oil, up for higher highs?

oil bounced off 200 MA and gann line, last bear "rally" was 7 bars. We have a bull rally for 8 bars and break the 43.80 zone (Gann 45 degree and 50% fib of last move) and we will have confirmation of trend reversal. higher highs!!

Opened UCO 13 Strike Calls for October 21.

Kommentera:

edit: need bull rally to outlast the longest bull rally in the downtrend (i.e. 3 bars), not 7 bars. my bad.

Handel aktiv:

had USO 11 puts for Sept 16 strike that closed at break even cause of that one crazy up day, was waiting for sub 46 target (which finally hit today!!) but I guess I need a strong mental state.

on the other hand~~ grabbed USO 11 calls for Sept 16 strike, oil got toe 141% fib extension of that A-B-C down, should get back to 50 by month end hopefully.

Handel aktiv:

opened USO 11 strike Oct 7 expiry at 43.3 USOIL price. wish me luck