Posted by DigiNomad on 14th of Sep 2022 at 02:48 pm
No problem. I'm out OXY already after Demark 9 on 3 min
time-frame. Rare single stock day trade. It looks like it just
completed an ABC on 3 min and setting up short again...but not as
low risk as that initial trade was.
For the medium term, I don't short names when I can make a
solid fundamental / valuation case...which applies to most energy
sector names.
At this point, I'm wondering how far price can drop for a cup
and handle to still be valid (OXY & XLE)
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No problem. I'm out OXY
OXY. small coil on 5 & 15 min
Posted by DigiNomad on 14th of Sep 2022 at 02:48 pm
No problem. I'm out OXY already after Demark 9 on 3 min time-frame. Rare single stock day trade. It looks like it just completed an ABC on 3 min and setting up short again...but not as low risk as that initial trade was.
For the medium term, I don't short names when I can make a solid fundamental / valuation case...which applies to most energy sector names.
At this point, I'm wondering how far price can drop for a cup and handle to still be valid (OXY & XLE)