USOIL Going to touch the 1.618 inverse ext

1 Ara 2016

The Previous Oil Short Idea
Stopped at 50.20
And now the price is 51.66,
if there is no Stop loss to protect our account
we may suffer more.

Right now I am waiting oil to touch the 51.83-52.00
zone and looking for a short.
Use multiple time frame for a confirmation entry.
i.e. go to 5 min /15 min chart to check the price action.
if there is a bearish pin bar or bearish engulfing candle.
that will be ideal.

5 Ara 2016

Not

6 Ara 2016

Not

wait for the pull back to short

9 Ara 2016

Not

12 Ara 2016

Not

GAP UP. so dun short oil. watch the price action