Short term selling oil

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

Note

Note

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.

Note

Still in play. Monday we should know whether to keep the short line.

Trade closed: stop reached

Approaching 1.272, watch it closely for bearish signal. No reason to buy here for me.

Note

Oil might be topping today. Wait for confirmation, will post another short idea if risk reward is good.

pparmy1991

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pparmy1991