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Short term selling oil

Oleh pparmy1991
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Bearish Harmonic pattern detected and also divergences for RSI/MACD on 4hr chart.
Stop loss above yesterday's high.
TP1: 49.1-49.3
TP2: 45.5-45.7
Komentar
cuplikan
Komentar
If TP1 reached and we see reversal signal, then the corrective pattern is more like an expanding flat, very likely the previous top will be broken. Otherwise target two is possible.
Komentar
Still in play. Monday we should know whether to keep the short line.
cuplikan
Trading ditutup: stop tercapai
Approaching 1.272, watch it closely for bearish signal. No reason to buy here for me.
Komentar
Oil might be topping today. Wait for confirmation, will post another short idea if risk reward is good.
Chart Patterns
pparmy1991

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