OIL FIBO EXT SHORT SETUP

By menyuken
Updated
Get ready to open SHORT at FIBO EXT (especially for 1.414 and 1.618) according to the candle reaction.

Please aware of the key thing is that we need to pay more attention on the target/retracement of this SHORT setup, need to make sure if the breakout is true or not. In case true, then the AB=CD in weekly view will be confirmed, have a nice weekend ;)

Comment
RSI top divergence in 4H, let's see if double top will be formed in 4H.
snapshot
Comment
Actually there is TOP Divergence in both daily RSI and MACD. Get ready to pull the trigger;)
snapshot
Trade active
The fall is already started, which is triggered by the butter fly;)
snapshot
Trade closed: target reached
Profit was taken at the end of three drive in 1H;)
fiboextension

Related publications

Disclaimer