CVXnote: for all our suggested positions, one should have his own entry strategy. lets make it simple: a trend line (some smart trend line) must be broken before a position is open.
Note
recall: those (3, and 1) at the very top, could turn to be (c, and d) ,,, which means wave-e (the 5th wave up) is still to come.
we are looking for oil to make an all-time high.
so one has to be careful with this company. for safety one could consider to short indices.
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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.