I posted a lot about Crude Oil on my Website and also on YT. The first short was nice success.
Now we get the chance to do it again "Sam" §8-)
This current test of the L-MLH of the white Fork was brutal.
The squeeze is similar to the one of the 23rd of September. Just a little smaller, but more vicious.
As for a Stop, I think it needs top be at least above P2.
This gives us a Risk to Reward > 3, if price can tank down to P3, at the L-MLH of the red Pitchfork.
As always, play it small in these vertical markets. Don't try to be a Hero. Just protect your Capital.
All the best Tr8dingN3rds §8-)
Now we get the chance to do it again "Sam" §8-)
This current test of the L-MLH of the white Fork was brutal.
The squeeze is similar to the one of the 23rd of September. Just a little smaller, but more vicious.
As for a Stop, I think it needs top be at least above P2.
This gives us a Risk to Reward > 3, if price can tank down to P3, at the L-MLH of the red Pitchfork.
As always, play it small in these vertical markets. Don't try to be a Hero. Just protect your Capital.
All the best Tr8dingN3rds §8-)
Trade closed: stop reached
At least it was a quick death §8-)The overnight squeeze got me.
On to the ntext.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.