Would you short QM now or wait till it's reached $86?

Discussion in 'Commodity Futures' started by Arni, Nov 9, 2021.

  1. Arni

    Arni

    QM is about to create a triple top on the 1h, with a bearish diver on the 4h, correct me if I'm wrong; would you short this if it rejects off of the zone area?

    Thanks a ton
     
  2. fan27

    fan27

    You would be shorting against a strong overall uptrend. Could work out but why go against the direction of the market? Looking at those two charts I would be looking for a way to get long....but that is what makes a market :)
     
    Arni likes this.
  3. xandman

    xandman


    If you play both sides, you make twice the money. Right...?
     
  4. Arni

    Arni

    Hi Fan,
    Makes sense :)
    Do you think it's a good idea waiting for the the next candle on the 1h to print and see if it breaks out or rejects the zone area?
     
  5. Arni

    Arni

    It's not a straddle you know :D
     
  6. Big AAPL

    Big AAPL

    CL is a runaway train at the moment...at least wait for a short signal. Oil does not play well with S and R.
     
    Arni likes this.
  7. SunTrader

    SunTrader

    Yes.
     
  8. Arni

    Arni

    Thanks Big AAPL,
    Do you prefer to use indicators like TTM, VWAP rather than S/R or something else?
    Please let me know if you have suggestions on how to find good setups on CL
     
    Big AAPL likes this.
  9. Arni

    Arni

    thanks
     
  10. Big AAPL

    Big AAPL

     
    #10     Nov 9, 2021