USOIL - 1H - Nother Short
Updated
I posted the possible ABC correction back when we were at 5 and i made a good profit off of it so far. that being said. i still dont see a qualified B yet which would mean. we will see a smaller ABC to the upside somewhat soon before goin down for another impulse giving us the C wave of the bigger ABC.
However from a wave structure point of view it doesnt make alot of sense that the current upward impulse will be the start of that. another downwave would make the picture alot more useful. thats why i will be looking for another short if we can make new lows below 3665 with stops above recent structure.
However from a wave structure point of view it doesnt make alot of sense that the current upward impulse will be the start of that. another downwave would make the picture alot more useful. thats why i will be looking for another short if we can make new lows below 3665 with stops above recent structure.
Order cancelled
orders cancelled for now. but still intrested in goin short.Note
We are having a pretty solid angled "trendline" currently. if we can break below it i will be lookign to sell with stops above the highsTrade active
Note
First attempt got stopped out. the next line in the sand is this precise trendline. like i am still thinking about shorts here as long as we dont violate this. but with this bullish spike i need some sort of confirmation first. we will c
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.