I am not saying that this is a likely outcome but given the similarities its something to muse plus we will know very soon indeed. I am sure this will be to many peoples amusement but when you get this many things lining up its worth a few seconds of your time. Feel free to have a good laugh, just remember you were warned. Good trading to you all guys.
First idea published after many years of enjoying others work. The structure although shorter in length has the same negative bias prior to the decline seen in August time last year. Main difference is the time taken to create the structure is much shorter and therefore should not lead to as large a decline as we saw last August initially. My stop is at the all...
US OIL idea SHORT @ $50.40 Stop loss at $51.64(red X) Target one green flag at circa $45.5-$46.00 Target two at $39.23. If target one is successfully hit I will exit full position and re-short on a 50% pullback towards the highs place my stop at the red X again and target, target two @ $39.23 But lets see whether target one is hit. Its a good risk reward...