OIL SHORT

Two gartley patterns gives us potential entry and exit points at our short trade.
oil is looking tired.eurusd is fighting on resisted right now. Stronger us dollar will work negative on commodities

Komentarz:

Wait for 49.55 to enter short

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WE ENTERED THE SHORT AS PREDICTED. NOW LET'S SEE IF PATTERN WILL WORK FOR US

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IF THE OIL REACH OUR TARGET IN AREA 45 THEN WE WILL TRY TO ENTER LONG FROM SECOND GREEN GARTLEY.IT SCHOULD FORM A DOUBLE BOTTOM EAVEN BETTER 2618 STRATEGY IN PRZ

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Currently marker seems to respect 49.55 area. We see lot of pin bars with shades ... It should support our short view

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We are suffering a bit pain at the moment.let's wait if market pushes price through the peak from our x leg. If not the pattern haa a chance to work for us..

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50 area might be a point for big guys to short big in options...

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50 was hit so the big ones have been filled. Now please some down move...

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Now with 49.40 is going our way... dive on..

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We only need to go under 49.20 an then cascade of falling prices..

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Now we got it 48.7 and keep falling

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Now we have 47,86 .....very nice and rapid reaction as assumed cas cade movement...

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Now we should prepare for the long bounce from 45 area..

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Best entry level for longs can be found at 44.5. For traditionalist round number so 45....

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With 47.82 we are halh way to target

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We are currently with 48.52 on right way.To be able to get to our target, we would need some help from eurusd.At the moment it hovering above 1.16. It would be nice to see some correction towards 1.15 even better 1.14. It could push commodities lower to levels we expect...

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Market proved once again its tough game. We were stopped out.

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I entered short once again at 51.

Eaven if it happens that our stopps at previous Gartley were triggered just before reaching top in current swing its better to protect capital for another take then just be unsecured or with wide sl that drain very deep your account...