Double top! High probability oil trade
Pretty quick one.... Double top pattern seen in oil, and a divergence in the trend.
Now that we've got almost all shorts squeezed out, its time to squeeze the folks who longed oil late again ;)
Stops will be placed near the previous top of 48.96. 1.84 ratio risk reward.
I'm entering the trade via DWTI, at $97. Premarket.
Now that we've got almost all shorts squeezed out, its time to squeeze the folks who longed oil late again ;)
Stops will be placed near the previous top of 48.96. 1.84 ratio risk reward.
I'm entering the trade via DWTI, at $97. Premarket.