BULLS BE CAREFUL - US OIL APPROACHING TO BEARISH CRAB TERRITORY

7 May 2018

Hi,

US OIL heading to bearish crab territory - levels highlighted on chart.

Aggressive entry : Limit order at 1.618XA = 71.9
Stop : +10 to 20 Pips
Conservative entry : Watch Price action on lower time frame ( 1 hr) & enter if get reversal price action such as double top or candlestick formation
Target 1 - 38.2% of AD leg , when attained move stop to breakeven or book partial qty.
Target 2 - 61.8% AD leg

Trade with care,
Gulz

9 May 2018

Not

10 May 2018

İşlem aktif

10 May 2018

İşlem aktif

Nice rejection ..

15 May 2018

İşlem aktif

Free fall

22 May 2018

İşlem aktif

This trade taken time more than anticipated as it was forming wedge pattern ... finally we got strong bearish price action, we can aim our targets with stop above 73.. new positions can also opened at cmp 72

23 May 2018

İşlem aktif

Wedge broke down on the hourly chart

24 May 2018

İşlem aktif

Hope a close below the green line may trigger the fall

24 May 2018

İşlem aktif

awsome move

25 May 2018

İşlem aktif

25 May 2018

İşlem aktif

280 Pips

25 May 2018

Not

Free fall .. +450 Pips
Are we on wave 3 ? its always dream for a trader to get entry on wave 3

28 May 2018

İşlem kapandı: hedefe ulaştı

First Target hit
Last low @ 65.82
Book half position and hold remaining for target 2 ( by trailing stop)

6 Haz 2018

İşlem kapandı: hedefe ulaştı

64.2 is the last low .. move stop close to 65.5 or close the position entirely..
It was looking a zig zag (abc) correction, soon the trend may change to bullish