轻质原油期货
做空

Oil is in a zigzag retrace

725
Oil has finsihed five rising waves at 41.9 which is 0.618 position of last down waves.
Oil might have finished the first stage of correction

It starts retracing back currently. From the structure of the wave A down, it will be a zigzag retrace which might retrace 50% or 61.8% of last rising wave.

Trading suggestions:
Wait the wave B up and go short when it retraces to 37.9~38.5 with SL at 39
TP1: 36.4
TP2: 34.8

Good luck for everyone! Comments and suggestions are welcome!

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