As shown in chart.
Very overbought, everyone thinks oils just going to keep going up. I don't think so.
I'm taking the short with lower high on the chart. I'll take some profits at the neckline breakout if it comes in case of a fakeout. Lots of potential though to move down to the green support line for further profits.
Enter as always before breakouts not after to minimise risk
Very overbought, everyone thinks oils just going to keep going up. I don't think so.
I'm taking the short with lower high on the chart. I'll take some profits at the neckline breakout if it comes in case of a fakeout. Lots of potential though to move down to the green support line for further profits.
Enter as always before breakouts not after to minimise risk
交易結束：達到停損點:
Stopped out on this one with breach of right neckline. All markets going big bull today, oil gets dragged up to. Maybe re-vist if right shoulder still forms a lower high
交易進行:
Lower right shoulder
評論:
Close trade soon on break of neckline for nice profit
交易結束：目標達成:
Another nice trade closed on breakout as expected, hope you all profited.
About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.
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