Short scenario
General
Currently we are below the Weekly open which is in confluence with the HTF range 50% (untested though). The orange level is a weekly s/r level. If price manages to break under the green s/r level (level 1). I expect a move down to the 50% fib level of the recent range. Maybe lower. But given the current situation and that we are generally in an uptrend its better to be careful with shorts.
Fundamentals
-
Plan (Blue arrow)
Target
50% Fib level of the current range
Requirements
- Break under the green s/r level (level 1)
- No break followed by a retake of level 1
- Break of level 2 (blue line)
Invalidation / SL
- Price moves back above level 1 after breaking
- SL slightly above level 1
Time duration
Days, weeks, months, years... ;)
Long scenario
General
If prices should manage to get above the weekly open i am looking for longs.
Fundamentals
-
Plan (Orange arrow)
Target
HTF s/r level
Requirements
- Prices moves above weekly open
- Price move above recent deviation (green circle)
Invalidation / SL
- Weekly open fails to support price after a retake
- SL slightly under the orange s/r level
Time duration
Days, weeks, months, years... ;)
Additional
I linked to another USOil Idea with a different time frame. They dont exclude / invalidate each other. if they occur / develop.
Good luck
General
Currently we are below the Weekly open which is in confluence with the HTF range 50% (untested though). The orange level is a weekly s/r level. If price manages to break under the green s/r level (level 1). I expect a move down to the 50% fib level of the recent range. Maybe lower. But given the current situation and that we are generally in an uptrend its better to be careful with shorts.
Fundamentals
-
Plan (Blue arrow)
Target
50% Fib level of the current range
Requirements
- Break under the green s/r level (level 1)
- No break followed by a retake of level 1
- Break of level 2 (blue line)
Invalidation / SL
- Price moves back above level 1 after breaking
- SL slightly above level 1
Time duration
Days, weeks, months, years... ;)
Long scenario
General
If prices should manage to get above the weekly open i am looking for longs.
Fundamentals
-
Plan (Orange arrow)
Target
HTF s/r level
Requirements
- Prices moves above weekly open
- Price move above recent deviation (green circle)
Invalidation / SL
- Weekly open fails to support price after a retake
- SL slightly under the orange s/r level
Time duration
Days, weeks, months, years... ;)
Additional
I linked to another USOil Idea with a different time frame. They dont exclude / invalidate each other. if they occur / develop.
Good luck
評論:
Price moved under level 2 - now waiting for the retest to enter the trade
評論:
Blue arrow trade active
交易進行
交易結束：目標達成
評論:
Short worked out nicely, lets see if long scenario will also develop
