Daily close below 17 month high, Good time to shortMarket has not closed above a 17 month high. Seems a good time to go short. Good loss to win ratio
Stop loss- 53.50
First target- 48.20
Second target- 44.06
Happy Trading :)
Lightcrudeoil
CL1!We have reverse from correction line fibbo level 0.5 on 1HTF. On the background of rising_trend on 1D time frame we will catch the reverse trend to correction line fibbo 0.382 level
Crude OilOn the background of down_trend we have the correction to fibbo resistance line 0.786 or 0.618 levels. take a short position when correction done and add more short position when breakout the fractal_based support line
