WTI correction Idea (short): US Crude Oil pullback

2018年5月28日

Looking at a couple of zones that might cause next leg down.
Will update and fine tune the numbers are things progress.

2018年5月28日

註釋

Oil trying to bounce up from the Fib Support zone as hoped.

2018年5月29日

註釋

Still hugging the supports but no apparent hurry to leave.
US markets will be back online Tuesday, if starts selling I will join the bandwagon.

2018年5月31日

交易進行

Here we are, at my first resistance zone.


Close up. First short opened upon pin rejection, drop below my zone, then retest from below.


Short opened here:


- Stop loss at Break Even, lets see how it does.
-

2018年5月31日

註釋

Gotta love the Golden Ratio.
That spike caused ripples down to the 2.618 EXACTLY

2018年5月31日

註釋

This is what I am hoping to see

2018年5月31日

註釋

Hoping London open will follow one of these paths down

2018年5月31日

註釋

This tiny but sudden move could cause waves propagating downward.

2018年5月31日

註釋

As mentioned with previous snap shot, it looks like that sudden fluctuation has started the waves downward

2018年5月31日

註釋

Well that was quite a wild ride, but both targets hit!

2018年6月4日

註釋

Short position going strong.
Took 30% profit already, stops at BE on rest.
Hoping to ride it down to the $62 range

2018年6月4日

註釋

Nice adherence to my Fib derived zones