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

A

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
 

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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 :)
 
fan27 said:
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 :)
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If you play both sides, you make twice the money. Right...?
 
fan27 said:
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 :)
More...

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?
 
Big AAPL said:
CL is a runaway train at the moment...at least wait for a short signal. Oil does not play well with S and R.
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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
 
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