USOIL. BUY CURRENT (31.15) TARGET 57.50
Updated
Hi all!
US oil bounced off the level described in my previous US oil post, just 10 cents above the 50% Fibo of waves 1-3.
The reversal is fast and furious.
Looks like many stops were triggered on the low.
If count is valid then we can see much strength ahead!
Entry current 31.15
Stop 27.00 (Right below the low)
Target 57.00 (just ahead of 38.2% of wave 3)
Happy trading!
US oil bounced off the level described in my previous US oil post, just 10 cents above the 50% Fibo of waves 1-3.
The reversal is fast and furious.
Looks like many stops were triggered on the low.
If count is valid then we can see much strength ahead!
Entry current 31.15
Stop 27.00 (Right below the low)
Target 57.00 (just ahead of 38.2% of wave 3)
Happy trading!
Trade active
Apologies! It is natural that trade is active as soon as title is "buy at current"Comment
Hello friends!If the price will advance further I would look into moving stop to break even and will update you accordingly.
Comment
Hello everybody!Looks like dust has settled down and the price doesn't look back.
Let's move stop to break even (31.15) to enjoy safe ride.
Best wishes!
Comment
Hi friends! Corrective moves are often complex and can revisit old levels before final 'no-look-back' break through.I want to share my current view. Our long now is under risk as wave (B) (yellow in chart below) can stop anywhere between 38.2 and 78.6 % area. But if you moved stop to break even we will just lose the position not money. Let us see.
Trade closed: stop reached
Break even stop reached as anticipated.
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