As previously posted, we believe that Oil has to complete a z wave of a triple three to conclude cycle wave (2) below 67.
So far, we closed the last trade at our breakeven price (79.1) after observing that price action was overlapping and corrective (see the higlighted box.
We then still have 0.8% to risk and we are looking for a short setup around the 0.5 fibo retracement (yellow area in the main chart).
We will update below
So far, we closed the last trade at our breakeven price (79.1) after observing that price action was overlapping and corrective (see the higlighted box.
We will update below
Comentarios:
0.5% fibo is at 82.212, while the level for which a=c in B is 83.7.
Operación activa:
short @81.8 stop loss 84 0.6% risk
Operación activa:
0.5 fibo wicked
Operación activa:
stop loss on entry
Operación activa:
looking for entering another short positon
Comentarios:
80.32 added short
Operación activa:
now our average entry is 81.1 risk 0.5% of equity at 82.4.
Operación activa:
Golden Zone. Stop loss on average entry 81.1. This can still make an higher high.
Operación activa:
Closed at entry.
Operación activa:
Restriked 81.4 Stop loss at 82.4 is 0.4% of equity
Operación activa:
stop loss on entry
