If preice goes throug support level there is a good short to next support.
Pullback with long last candel, which hurts enter point. Possibility for price to go up today.
I am waiting for a pullback to happened before enter the trade, but the pattern is I think "the right one" for a good trade.
Yestrday there was no volume on usoil, so possible is that will raise again for a while. If this is a peak you will not be in this trade.
In my opinion this is the clasical simetrical triangle. Do you have other opinion? I think it is about 68 % to rich the target acording to Bulkowski.
As I see is a clasical dead cat bouce in the chart, so it is expected that price will go down
This trade is more from my guts then the real pullback. I am back from vacation and must post sometning. Be carefull. But in the other hand market is still quite strong.
The oil is comming to 40 so it should be at least a pullbak. Maybe target is a littel bit to optimistic.
The idea is to go short on limit order. There is a long bearish setiment (red line), Price manderling between support and resistance a while. It would be also intersting wher the prise will go when suport or resistance will be brake. Short?
Waiting for the end of the pullbak and adjust the entry to find appropriate.