As a reminder, please look at the old chart idea down at the links. Price action and elliottwave at its best.
The old longer short target was 16 $. But from the waves I cannot see an end to it. I wait for a long signal, a wave is finished formation, to try to catch the next big move long.
How to trade? Short positions stops bring closer, long positions not yet, waiting for the first impulse wave up then take the second impulse wave as an entry.
Be aware: The top formation two years ago was more clear to me, and like in WTI, the bottom will come fast and swift. V Rulez. But to try to front run the bottom may cause unnecessary pain in the depot. Just wait for it.
The old longer short target was 16 $. But from the waves I cannot see an end to it. I wait for a long signal, a wave is finished formation, to try to catch the next big move long.
How to trade? Short positions stops bring closer, long positions not yet, waiting for the first impulse wave up then take the second impulse wave as an entry.
Be aware: The top formation two years ago was more clear to me, and like in WTI, the bottom will come fast and swift. V Rulez. But to try to front run the bottom may cause unnecessary pain in the depot. Just wait for it.
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