USOIL

Looking for a short play here

Channel still up correction indicate a little move down and evaluate tight SL

If you want more analysis and better set up/education :
I just opened for public my trading group and if you want to follow more in detail and be part of my work day, you can join on a monthly basis.
If you are interested private or telegram @ M0byy

註釋

Weekly channel

註釋

Big support trendline black / Ultimate support red line hortizontal

註釋

Trade is little risky , we are on support but i think is gonna go a little more downside thats why this set up is short term play and tight sl

註釋

Update OIL we closed above 30ma ( short term ) still think we need test intermediate and long term ma as you can see target 1 and target 2 for intraday traders i will look for short if it bounces this week

註釋

Monthly Crude

註釋

So we have a td9 candle on monthly , then flip candle not correction , hammer , flip flip and finally stopped.

what could happen here is we will test 68/69 usd area i hope this week and then we will see if it bounces weak or hard ( if not bounces we will look for a major correction on crude

註釋

fractals to make us an idea , this are fractals , the difference here , long plot ma ( 128ma) is above price causing pressure so i bet we will go back to test 68 69 then see if we can bounce and make a long there !