WTI correction Idea (short): US Crude Oil pullback

28 במאי 2018

Looking at a couple of zones that might cause next leg down.
Will update and fine tune the numbers are things progress.

28 במאי 2018

הערה

Oil trying to bounce up from the Fib Support zone as hoped.

29 במאי 2018

הערה

Still hugging the supports but no apparent hurry to leave.
US markets will be back online Tuesday, if starts selling I will join the bandwagon.

31 במאי 2018

עסקה פעילה

Here we are, at my first resistance zone.


Close up. First short opened upon pin rejection, drop below my zone, then retest from below.


Short opened here:


- Stop loss at Break Even, lets see how it does.
-

31 במאי 2018

הערה

Gotta love the Golden Ratio.
That spike caused ripples down to the 2.618 EXACTLY

31 במאי 2018

הערה

This is what I am hoping to see

31 במאי 2018

הערה

Hoping London open will follow one of these paths down

31 במאי 2018

הערה

This tiny but sudden move could cause waves propagating downward.

31 במאי 2018

הערה

As mentioned with previous snap shot, it looks like that sudden fluctuation has started the waves downward

31 במאי 2018

הערה

Well that was quite a wild ride, but both targets hit!

4 ביוני 2018

הערה

Short position going strong.
Took 30% profit already, stops at BE on rest.
Hoping to ride it down to the $62 range

4 ביוני 2018

הערה

Nice adherence to my Fib derived zones