Last weeks SLB has significant growth, time to cool down. There is huge year ascending triangle with fake breakthrough, elliot waves show correction phase abc.
Use 50% entry at half of wave 5 = 57.25, add another 50% at 59.
Use 50% entry at half of wave 5 = 57.25, add another 50% at 59.
Note
short taken 50% of normal positionTrade active
fixed half with 3.8% profit, stop loss to breakevenTrade active
fixed another 25% oil drops down and i expect further decline in SLB
Trade active
move SL closer 55
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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.