Breakout of Final leg of correction (A) in Oil

20 May 2020

Final Corrective leg (e) in Wave -A

This could spike to $38 = 78.2% of bear wave down - See Chart on past trade idea published

In the current motive advance
Buy $ 33.1 target $ 35.1 Sl 32.1
Buy $32.9 target $ 34.9 Sl 32.1

20 May 2020

Not

All limit entries should have been market filled
Amend stops down to $31.8 from $ 32.10 to avoid spikes.
This takes risk to -$1300 / standard contract
Profit remains the same at $2000 / standard contract

21 May 2020

Not

Raise SL to B/E (Entry + Broker comm)
TPs (Take profit limits remain the same).

22 May 2020

Not

Sl hit at B/E (entry + comm)in Asia trading. position closed.
Wave-A has concluded at $34.66. Will focus to take a sell into wave-b around this level.