USOIL - 1H - Consolidation starting with this Bat

yesterday i posted a similar chart, wanting to buy oil after the break of the significant blue solid trendline. but i did want to see some consolidation first. shorty after we had a massiv spike up. my goal is the same tho, waiting for consoldidation to buy. while we are waiting, im looking at this bat as the start of it all. i dont wanna trade it plain, because too much upside momentum in the market. but maybe if we can see some confirmation im looking to sell.
i post this, so u know whats goin on, and so i can have a place to post 5min charts (which i cant post as ideas) so if ur interested in selling this. keep an eye on updates.

old idea is in the related ideas for a bit bigger view on things

ความคิดเห็น:

Trade is setting up.

ความคิดเห็น:

Target setup:
TG1 382 Bat
TG2 618 CD
TG3 Full move down to see the anticipated consolidation range

ออเดอร์ถูกยกเลิก:

spiked higher from the consolidation, orders canceled. this might morph into a ABCD upward flag. so look out for that. i will keep you updated.