US OIL- Pt.4- Are we ready for the sixties?

As previously posted, we believe that Oil has to complete a z wave of a triple three to conclude cycle wave (2) below 67.
So far, we closed the last trade at our breakeven price (79.1) after observing that price action was overlapping and corrective (see the higlighted box.

We then still have 0.8% to risk and we are looking for a short setup around the 0.5 fibo retracement (yellow area in the main chart).
We will update below

Komentarz:

0.5% fibo is at 82.212, while the level for which a=c in B is 83.7.

Zlecenie aktywne:

short @81.8 stop loss 84 0.6% risk

Zlecenie aktywne:

0.5 fibo wicked

Zlecenie aktywne:

stop loss on entry

Zlecenie aktywne:

looking for entering another short positon

Komentarz:

80.32 added short

Zlecenie aktywne:

now our average entry is 81.1 risk 0.5% of equity at 82.4.

Zlecenie aktywne:

Golden Zone. Stop loss on average entry 81.1. This can still make an higher high.

Zlecenie aktywne:

Closed at entry.

Zlecenie aktywne:

Restriked 81.4 Stop loss at 82.4 is 0.4% of equity

Zlecenie aktywne:

stop loss on entry