WTI correction Idea (short): US Crude Oil pullback

28 may 2018

Looking at a couple of zones that might cause next leg down.
Will update and fine tune the numbers are things progress.

28 may 2018

Nota

Oil trying to bounce up from the Fib Support zone as hoped.

29 may 2018

Nota

Still hugging the supports but no apparent hurry to leave.
US markets will be back online Tuesday, if starts selling I will join the bandwagon.

31 may 2018

Operación activa

Here we are, at my first resistance zone.


Close up. First short opened upon pin rejection, drop below my zone, then retest from below.


Short opened here:


- Stop loss at Break Even, lets see how it does.
-

31 may 2018

Nota

Gotta love the Golden Ratio.
That spike caused ripples down to the 2.618 EXACTLY

31 may 2018

Nota

This is what I am hoping to see

31 may 2018

Nota

Hoping London open will follow one of these paths down

31 may 2018

Nota

This tiny but sudden move could cause waves propagating downward.

31 may 2018

Nota

As mentioned with previous snap shot, it looks like that sudden fluctuation has started the waves downward

31 may 2018

Nota

Well that was quite a wild ride, but both targets hit!

4 jun 2018

Nota

Short position going strong.
Took 30% profit already, stops at BE on rest.
Hoping to ride it down to the $62 range

4 jun 2018

Nota

Nice adherence to my Fib derived zones