WTI correction Idea (short): US Crude Oil pullback

٢٨ مايو ٢٠١٨

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

٢٨ مايو ٢٠١٨

ملاحظة

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

٢٩ مايو ٢٠١٨

ملاحظة

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.

٣١ مايو ٢٠١٨

تم فتح الصفقة

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.
-

٣١ مايو ٢٠١٨

ملاحظة

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

٣١ مايو ٢٠١٨

ملاحظة

This is what I am hoping to see

٣١ مايو ٢٠١٨

ملاحظة

Hoping London open will follow one of these paths down

٣١ مايو ٢٠١٨

ملاحظة

This tiny but sudden move could cause waves propagating downward.

٣١ مايو ٢٠١٨

ملاحظة

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

٣١ مايو ٢٠١٨

ملاحظة

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

٤ يونيو ٢٠١٨

ملاحظة

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

٤ يونيو ٢٠١٨

ملاحظة

Nice adherence to my Fib derived zones