Update On Oil - Selling in coming Correction of ($40.40-$34.21)
The current leg of the down trend appears finished, and ran between ($40.4-$34.21).
Its 61.8%-38.2% fibs are between $36.74-$38.10.
Incremental Limit sell orders covering these values, should have already been placed on standby in the past idea. (I think it was idea#18). Target $33.00
Add the following short orders to engage, if prices break > $39
10k @ $39.10
10k @ $39.20
10k @ $39.30
10k @ $39.40
10k @ $39.50
10k @ $39.60
10k @ $39.70
10k @ $39.80
10k @ $39.90
10k @ $ 40.00
Idea elaborated on chart.
Take care & Stay safe.
Its 61.8%-38.2% fibs are between $36.74-$38.10.
Incremental Limit sell orders covering these values, should have already been placed on standby in the past idea. (I think it was idea#18). Target $33.00
Add the following short orders to engage, if prices break > $39
10k @ $39.10
10k @ $39.20
10k @ $39.30
10k @ $39.40
10k @ $39.50
10k @ $39.60
10k @ $39.70
10k @ $39.80
10k @ $39.90
10k @ $ 40.00
Idea elaborated on chart.
Take care & Stay safe.
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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.