CL seems to have finished a 5 wave move up into weekly bearish order block. shorted at weekly OB but exited shorts early.
CL will most likely bounce from here or a little lower after running 49.17 stops, bounce back up to run stops at 51.2 or 51.7+ levels.
will enter shorts at red boxed area, with target for blue box (to run stops at 47-ish)
after we reach blue area, will wait for confirmation of reversal (at 4H TF) before going long.
CL will most likely bounce from here or a little lower after running 49.17 stops, bounce back up to run stops at 51.2 or 51.7+ levels.
will enter shorts at red boxed area, with target for blue box (to run stops at 47-ish)
after we reach blue area, will wait for confirmation of reversal (at 4H TF) before going long.
Trade active
would short if i could, but cant trade futures. will short UWT on a retrace
Trade closed manually
almost stopped out. closed position anyways, didn't play out as planned
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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.