USOIL Short Trade for Completion Dof aily Corrective Structure

Hello traders.

I believe oil has great potential for upside. But first, it should go down in order to complete daily corrective structure. There isn't any divergence in up move. So, it can keep going up, and break previous top. This scenario won't change my expectation, but I will start to look at running or expanding flat instead of regular flat. In any case, I'm expecting a nice drop. I hope it starts now. I have an entry order and I didn't set any target yet. This is my medium-term forecast:

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Yorum:

I moved my stoploss over the correction to reduce the current risk.

Yorum:

move stoploss to breakeven

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