Short scalp with potential to become a swingtrade
Updated
As posted earlier i think Crude is on a crucial junction here. A closeup look at the structure revealed a nice short set up. Price action at the Orange Excursion line we zoomed on friday will tell if it is just a scalp or something bigger. If we rebreak that line, the short could be kept open for a bigger downside move. If we bounce back up i will be looking for long entries.
Trade active
Wedge broke as expected but got rebought by Asia, price now is trapped beneath big TL while following the upsloping median set. If it breaks the TL i will close this short for a samll loss and consider going long as the break couls signal a bigger rise to come.Trade closed: target reached
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