Oil rally to 82.50 follow by Elliott wave 3 sell off

looking for oil to retrace from Elliott wave 3 down, and reject upside breakout from the bear flag is forming.. small bounce to 82.5 follow by sell off from 3rd wave down

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set up the bullish cypher long to A, then short C wave

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caught the buy at 79.60

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this is a bullish cypher set up on the mini's

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I have an 82.50 qm1 target for the oil mini futures

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bull flag on mini oil futures

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get out those short positions asap

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would like to see an ihs breakout from here on the lower time frame

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ihs w/ wave set up

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going be a little greedy and look for 76.7 intraday, if it hits today im closing short position and wont hold over weekend

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1st target met

Trade closed manually

Oil rally to 82.50 follow by Elliott wave 3 sell off

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break of 76.44 short entry, but will be last short then out of trade. cheers.

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72 easy

moneyflow_trader

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