Short term selling oil

٢١ سبتمبر ٢٠١٧

Bearish Harmonic pattern detected and also divergences for RSI/MACD on 4hr chart.
Stop loss above yesterday's high.
TP1: 49.1-49.3
TP2: 45.5-45.7

٢١ سبتمبر ٢٠١٧

ملاحظة

٢١ سبتمبر ٢٠١٧

ملاحظة

If TP1 reached and we see reversal signal, then the corrective pattern is more like an expanding flat, very likely the previous top will be broken. Otherwise target two is possible.

٢٢ سبتمبر ٢٠١٧

ملاحظة

Still in play. Monday we should know whether to keep the short line.

٢٦ سبتمبر ٢٠١٧

أغلقت الصفقة: تم الوصول لوقف الخسارة

Approaching 1.272, watch it closely for bearish signal. No reason to buy here for me.

٢٨ سبتمبر ٢٠١٧

ملاحظة

Oil might be topping today. Wait for confirmation, will post another short idea if risk reward is good.