OIL SHORT RIGHT NOW FOR QUICK PROFITS
Updated
OIL is breaking down from its horizontal support after an impressive 10% rally up.
I expect a decent retracement and have entered the shorts shown.
The 4h also shows it to be in a potential bear flag further supporting the argument for a pull back.
I expect a decent retracement and have entered the shorts shown.
The 4h also shows it to be in a potential bear flag further supporting the argument for a pull back.
Note
I am out of the trade as my SL hit. Looking for a re entry as I do believe it will pull back. Will update soon
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