The sells offs in oil are gaining momentum. A nice, weak retracement back to around 53 would make for a potentially favorable short. Let's see if it can reach that area first....
Komentar
⋅
There's probably a reversal gartley pattern in there somewhere for this who trade them :)
Komentar
⋅
updated "analysis" with explanations on hourly chart:
Komentar
⋅
Part 2:
Komentar
⋅
No trade yet. dont take the bait
Komentar
⋅
Updated buy zone, in case price would rather be bought first, or for your first TP.
Would make a good head and shoulders, if the above happens, who wouldve thought...
sidjammer
⋅
Could you not interpret the pattern as a bear flag?
scofflol
⋅
@sidhuco, I am showing my reasoning for selling at a certain price point. I dont tell ppl to sell or buy flags. Flags are just an indicator, they tell you zero on where to enter.