OIL: Ready to Drop!

١١ أكتوبر ٢٠١٦

Hey traders, I am now actively looking for a short on OIL. The final pop that we were waiting for has followed through as planned and a triangle is forming which may mark the end of the bullish corrective price action. I would like to see one final bull flag rally and a nice touch on the upper trendline of the triangle before the dropoff. I will be looking for bearish impulses to ride down toward the missed pivots within the next 24-48 hours. Happy trading, and more to come