$OIL hit the lower yellow trendline today and I closed my short with the group right there. Textbook tag, textbook bounce — now nearly flat on the day.
Yellow wedge still runs the show. Price is closing in on the apex, so a breakout is coming soon. Wedge breaks usually deliver size, so expect a real move when it snaps.
I still lean bearish, but after a 10% drop in two days, you don't get greedy. Took the green and walked. If price climbs back to $104, I'm shorting again — same rule I've run all war: anything over $100 is probably a good short.
Patience, respect the chart, and don't overstay the setup.
Yellow wedge still runs the show. Price is closing in on the apex, so a breakout is coming soon. Wedge breaks usually deliver size, so expect a real move when it snaps.
I still lean bearish, but after a 10% drop in two days, you don't get greedy. Took the green and walked. If price climbs back to $104, I'm shorting again — same rule I've run all war: anything over $100 is probably a good short.
Patience, respect the chart, and don't overstay the setup.
