As previously posted, we believe that Oil has to complete a z wave of a triple three to conclude cycle wave (2) below 67.
So far, we closed the last trade at our breakeven price (79.1) after observing that price action was overlapping and corrective (see the higlighted box.
We then still have 0.8% to risk and we are looking for a short setup around the 0.5 fibo retracement (yellow area in the main chart).
We will update below
So far, we closed the last trade at our breakeven price (79.1) after observing that price action was overlapping and corrective (see the higlighted box.
We will update below
Kommentera:
0.5% fibo is at 82.212, while the level for which a=c in B is 83.7.
Handel aktiv:
short @81.8 stop loss 84 0.6% risk
Handel aktiv:
0.5 fibo wicked
Handel aktiv:
stop loss on entry
Handel aktiv:
looking for entering another short positon
Kommentera:
80.32 added short
Handel aktiv:
now our average entry is 81.1 risk 0.5% of equity at 82.4.
Handel aktiv:
Golden Zone. Stop loss on average entry 81.1. This can still make an higher high.
Handel aktiv:
Closed at entry.
Handel aktiv:
Restriked 81.4 Stop loss at 82.4 is 0.4% of equity
Handel aktiv:
stop loss on entry
