USOIL Short Term Outlook |19-May
Updated
Holla,
Do you agree with my chart analysis? I expect a pullback until my sell line. My plan is to wait for candlestick structure as a confirming catalyst before opening a position.
Checklists;
1. Price must touch my entry zone
2. Price bar (4hr) must close below my zone after touching my entry zone.
3. i want to see candlestick pattern ( mostly pin bar or bearish engulfing candle) before looking for entry.
4. Chart pattern like rising wedge would me an added advantage
Will update intermittently...
Kings.
Do you agree with my chart analysis? I expect a pullback until my sell line. My plan is to wait for candlestick structure as a confirming catalyst before opening a position.
Checklists;
1. Price must touch my entry zone
2. Price bar (4hr) must close below my zone after touching my entry zone.
3. i want to see candlestick pattern ( mostly pin bar or bearish engulfing candle) before looking for entry.
4. Chart pattern like rising wedge would me an added advantage
Will update intermittently...
Kings.
Trade active
Bearish engulfing confirmed my analysis. Am shorting USOIL real bad.Note
I expect price to run back to 111.625 zone for a retest. Am securing my profits here to re-enter at 111.625 zone. 200+ profit secured (smiles)Trade active
Our harvest is overripe. Am re-entering again once 1 hr low is broken. Oil may drop real good this time. Get ready for the ride amigos.Trade closed manually
calling off this trade as there is no volume to move the price.
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