Momentum failure. Back to equilibrium
Crude Oil, lost its initial strong bullish momentum. Price is back exactly to equilibrium.
Setup is neutral again. (also neutral on 4H if you check)
I have no idea what's next. If Kijun holds, then I'd be a buyer again. I still see some bigger chance for next leg up, than for bearish continuation, but of course anything can happen.
My long was closed at 45,35 avg on trailing stops. That position was still in minor profit. I was also right to close 1/3 of it at 47+ when I first saw some short term momentum loss. For now I am flat. Even if I enter long, I'd do only 0,5 unit this time.
Setup is neutral again. (also neutral on 4H if you check)
I have no idea what's next. If Kijun holds, then I'd be a buyer again. I still see some bigger chance for next leg up, than for bearish continuation, but of course anything can happen.
My long was closed at 45,35 avg on trailing stops. That position was still in minor profit. I was also right to close 1/3 of it at 47+ when I first saw some short term momentum loss. For now I am flat. Even if I enter long, I'd do only 0,5 unit this time.
