Short set up to sell side liquidity near C leg
It's been awhile since I charted and traded oil. I'm noticing a similar bullish set up that the 20yr treasury yield had. If my wave count is correct, oil is showing a bearish 5th wave down. There is a set up for a desc. Triangle pattern which has a stealth ABC wave pattern. I have C wave near the sell liquidity around the 1st of October. Short term I'm bearish on oil particularly the 1hr/2hr time frame.. oil can invalidate this set up, by closing above the .50 fib level..
Not trading or financial advise. No position currently... will update chart once a trade is active or closed.
Not trading or financial advise. No position currently... will update chart once a trade is active or closed.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.