Taking Profit on Shorting Oil Futures - 1st leg (of Wave 4B Down
Take profit on all short holdings as compiled in accumulation zones in Idea # 7.
This is a simulated $100,000 account. Equity increase for this move is 20%. Trade duration is one week.
I have taken profit at the neckline of the double H&S formation < $31.70 >, and expect a right shoulder formation to re-short in between < $33.40 - $32.60 >.
This is a simulated $100,000 account. Equity increase for this move is 20%. Trade duration is one week.
I have taken profit at the neckline of the double H&S formation < $31.70 >, and expect a right shoulder formation to re-short in between < $33.40 - $32.60 >.