Mean Reversion First then Go Long

2024년 4월 4일

OXY is very extended relative to its moving average ribbon. But the breakout looks promising for a long. Look for consolidation for a few days or a pull back to its 13 EMA to enter long on the the multi year breakout. I traded the fake breakdown on a recession signal a few months ago and now its time to trade the possible breakout on more inflation!

To be clear if the pull back doesn't happen I wont chase. Let it reload first. If not There are lots of other tickers out there.

2024년 4월 15일

노트

OXY is now tagging the upper daily ribbon and could be a good time to long for a swing. Howerever lower timeframes look bearish. When the lower levels flip bullish Im in.

2024년 5월 2일

노트

Now all time frames are bearish. This could be a 2nd fake breakout of the multi year consolidation. Or is this a fake breakdown of a real breakout...

2024년 5월 17일

노트

Ok now looks good. I will have a stop at the weekly 48 ema

2024년 5월 17일

노트

You could also use the blue trend line as a stop as well.