Hey guys, noob here. So I got caught on the wrong side of the price action and right now I'm just grasping at straws. Bought into the trade at 48.7, and right now the PA seems bearish. Is there any chance this PA might become a bullish gartley and save me some money or should i just cut my losses and move on
Hey man, personally this is my prediction, the Report today released at 4.30pm ET will be good, as all the indicators point to a positive outlook, so we will see a rally with a key resistance at 48.90. So I think you will have an opportunity to close out your long position with a small profit. But then I think tomorrow there will be a slight uptick in terms of oil output in the U.S because they have drastically reduced the amount they are producing each week that I think it's highly unlikely they will be able to beat the forecast. Anyways that's my plan.
Pip_maestro
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@CyrusTrafford, thanks for the vote of confidence. things are looking up right now xD