Short Trade Crude Oil - 4hr Double Top and 61.8 Retracement.
Market Conditions:
Downtrending market. Long bearish move without any real pullbacks before now. Double top + daily spinning top at 61.8 retracement.
Stops and Targets
Stops at 44.99 above the 78.6 retracement.
Target at 37.45 - just shy of the 1.27 extension.
Let's see how this plays out - this is my first "public" idea here at Tradingview and yes, I know we have news this afternoon.
Remember it is just my personal view.
Downtrending market. Long bearish move without any real pullbacks before now. Double top + daily spinning top at 61.8 retracement.
Stops and Targets
Stops at 44.99 above the 78.6 retracement.
Target at 37.45 - just shy of the 1.27 extension.
Let's see how this plays out - this is my first "public" idea here at Tradingview and yes, I know we have news this afternoon.
Remember it is just my personal view.
Catatan
Stopped out. Technically it was a perfect trade, however, fundamental intervention distorted the picture. Perhaps we are seing a great short opportunity right at the stop level.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.