OIL at this level to $72

٢٩ أكتوبر ٢٠٢٤

MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...

Here's why I'm picking this symbol to do the thing.

Price near bottom of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is negative
Price at near Fibonacci level
Will enter small position at $67, again at 66ish and all in at $65
Target is $72 or channel top
Stop loss is $64

٤ نوفمبر ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف

Closed position at $71.75. Close enough. PROFIT!