As previously posted, we believe that Oil has to complete a z wave of a triple three to conclude cycle wave (2) below 67.
So far, we closed the last trade at our breakeven price (79.1) after observing that price action was overlapping and corrective (see the higlighted box.
We then still have 0.8% to risk and we are looking for a short setup around the 0.5 fibo retracement (yellow area in the main chart).
We will update below
So far, we closed the last trade at our breakeven price (79.1) after observing that price action was overlapping and corrective (see the higlighted box.
We will update below
Komentar:
0.5% fibo is at 82.212, while the level for which a=c in B is 83.7.
Trade aktif:
short @81.8 stop loss 84 0.6% risk
Trade aktif:
0.5 fibo wicked
Trade aktif:
stop loss on entry
Trade aktif:
looking for entering another short positon
Komentar:
80.32 added short
Trade aktif:
now our average entry is 81.1 risk 0.5% of equity at 82.4.
Trade aktif:
Golden Zone. Stop loss on average entry 81.1. This can still make an higher high.
Trade aktif:
Closed at entry.
Trade aktif:
Restriked 81.4 Stop loss at 82.4 is 0.4% of equity
Trade aktif:
stop loss on entry
