WTI Crude Oil. Long Idea
Updated
Confluence Factors:
1. Momentum Shift
2. RRR 1:2 to next Swing High
3. Divergence on RSI
4. First Fib Extension (Major Flip zone) reached with triple bottom formation
1. Momentum Shift
2. RRR 1:2 to next Swing High
3. Divergence on RSI
4. First Fib Extension (Major Flip zone) reached with triple bottom formation
Note
I expected much more momentum before the inventories. So I closed half of my position this morning and moved SL to BETrade closed: stop reached
Note
Potential reversal at next zone: Last swing High = 161,8% Fib Extension!!!
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