Hello traders!
In previous posts (links in description) we argued about how we believe Oil to be in a cycle corrective wave after big impulse from covid low.
We believe this corrective move is unfolding as a triple three targeting the GZ, and confluence zone, in the 56-63 area.
This is a big picture of this macro view
A great long opportunity will later come in oil, that we will be able to discuss in the future.
But first, we expect another leg down.
As showed in the main chart, we believe the last ABC of the triple three to be in the making, with a triangolar wave B that may be concluded. We will update here for possible short setups.
Bests
GMR
In previous posts (links in description) we argued about how we believe Oil to be in a cycle corrective wave after big impulse from covid low.
We believe this corrective move is unfolding as a triple three targeting the GZ, and confluence zone, in the 56-63 area.
This is a big picture of this macro view
But first, we expect another leg down.
As showed in the main chart, we believe the last ABC of the triple three to be in the making, with a triangolar wave B that may be concluded. We will update here for possible short setups.
Bests
GMR
Yorum:
triangle breakout
İşlem aktif:
retestiing cluster @75.82 on possible 1212, entered short
İşlem aktif:
stop loss on entry
İşlem aktif:
1st target reached. Closing half of the position. Profit = 1.8% of equity
İşlem elle kapatılmış:
double bottom. closing other half at 1.6% profit
Total Profit: 3.4%
Total Profit: 3.4%
