CL_LONG_+991 Ticks
The CL daily time frame has created an up
channel. The market has hit the bottom of the
channel and is showing signs of pushing bullish
towards the top of the channel. The market
has created an up Fibonacci with an extension
price point 78.92 about +991 ticks above the
market. The market has broke and closed above
a counter trend line bullish and showing sings
of wanting to push toward the Fibonacci
extension.
Entry: Counter trend line break bullish above
the bottom of the channel.
STOP: 64.60
LIMIT: 78.92.
This is part of the long idea of the CL 01-25.
The market has rolled into the next contract
CL 02-25, so we are updating this idea.
channel. The market has hit the bottom of the
channel and is showing signs of pushing bullish
towards the top of the channel. The market
has created an up Fibonacci with an extension
price point 78.92 about +991 ticks above the
market. The market has broke and closed above
a counter trend line bullish and showing sings
of wanting to push toward the Fibonacci
extension.
Entry: Counter trend line break bullish above
the bottom of the channel.
STOP: 64.60
LIMIT: 78.92.
This is part of the long idea of the CL 01-25.
The market has rolled into the next contract
CL 02-25, so we are updating this idea.
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