2 possible levels to long from..
Started long position today at approx 43.65 USOIL. hope this fib holds, but personally feel that it won't (even though I'm already long!)
Other possible strong support for a reversal back up I see is 41.7ish area.
1. its a fib retrace from the 40 - 49 upmove
2. It would complete a 3 wave A-B-C correction where A=C. This correction started at 49
3. It was a prior resistance back in March and April. resistances that clear usually become support
4. It would form a somewhat decent Gartley harmonic pattern.
3rd case scenario would be we close a daily past 41 and that probably opens the 36~37 range.
Other possible strong support for a reversal back up I see is 41.7ish area.
1. its a fib retrace from the 40 - 49 upmove
2. It would complete a 3 wave A-B-C correction where A=C. This correction started at 49
3. It was a prior resistance back in March and April. resistances that clear usually become support
4. It would form a somewhat decent Gartley harmonic pattern.
3rd case scenario would be we close a daily past 41 and that probably opens the 36~37 range.
تم إغلاق الصفقة يدويًا:
closed longs, waiting on pullback to re-add for 50 target