CL Looking Bearish and a GOOD opportunity to SELL now

2018年9月5日

There is no complicated science here.
The trend is your friend until its broken.
The major trend right now is down and it just broke the short-term bounce-back so it's a good time to SELL with a small position size, there is plenty of room down towards the support line.

2018年9月5日

註釋

If you don't have a short position already now is a a better opportunity to go short at 66.59, keep SL at 67.70

2018年9月6日

註釋

We are now on the very end of the rising wedge and very close to the SL. It's the moment of truth.

2018年9月8日

註釋

CL likes to dance on the ceiling. Short trade still open.

2018年9月9日

註釋

If the price breaks the resistance line there is enough evidence in the technical indicators that this stock is reversing to the upside.

2018年9月10日

註釋

We still haven't hit our SL folks. However If the price goes up over the red bar then its a trend reversal.

2018年9月13日

交易結束：達到停損點

SL reached. This stock has reversed for the short-term at least.

Here is an update on my chart.