WTI paints some impressive bullish signals on Heffae Clouds + QuantRsi longer timeframes. The idea of this trade is driven purely by technicals, I am not in the loop on fundamentals whatsoever.
Daily chart shows inverse HnS on the QuantRsi as well as a new trend developing that shows upside potential:
As warning, The last time Qrsi ran -7 on the 3Day QRsi, there was a small bounce, but there was significant continuation to the downside.
Compared to our current levels, the potential for a further slide is possible:
Regardless of this, I think a long trade has decent risk / reward as long as best practices are used when setting stops and take-profit.
Daily chart shows inverse HnS on the QuantRsi as well as a new trend developing that shows upside potential:
As warning, The last time Qrsi ran -7 on the 3Day QRsi, there was a small bounce, but there was significant continuation to the downside.
Compared to our current levels, the potential for a further slide is possible:
Regardless of this, I think a long trade has decent risk / reward as long as best practices are used when setting stops and take-profit.
Trade closed: target reached
Took some profit from this trade at $49.Still have 1/3 of position open hoping for $51-52
Trade closed: target reached
I'm fully out at $51.xxI do not currently have plans to buy a pullback. I will continue looking for setups, but I expect a pullback and consolidation for the near future.
Note
Perfect trade close on the bottom of 12H cloud, as well as QRsi Trend Resistance
SNOW_CITY public chat room - Indicator Q&A
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
SNOW_CITY public chat room - Indicator Q&A
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.