Crude Oil Short After Finding A Recurring Behavior

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After I cleared the CL chart, I immediately saw a behavior that we can use for a setup right now.

You see that the highs got cracked, and then immediately price turns to the south. And since we are in a downtrend on Crude, we have a legit Short-Trade at hand.

With the modified Shiff-Fork you see how nice CL is reacting at the U-MLH, where it get's rejected. This level also coincides with the crack level.

I personally would love a pullback up to the crack-zone before shorting it. Maybe the trading Gods give us a gift on this Wednesday.

Talking about Wednesday: today we get the Crude Oil EIA numbers, which will probably move the markets.

However you plan is if you trade it, don't have FOMO. There are many more trades to come in your trading career.

Have a happy hump day §8-)

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Giao dịch đang hoạt động

Ha!

Sometimes the trading Gods listen §8-)

Short entry with stop above structure, outside the U-MLH: