The past couple of trading days we have seen crude oil falling off a cliff. Down 12.5% in 8 days to be exact. We are now in a zone of demand and the buyers will be stepping in now and will continue to scale in until/if we make it to the lower buy target (noted by the green arrow).
If we lose the zone that we are currently trading in then we will visit the next area of massive demand and multi-trend confluence.
I will post an image below of a zoomed out version of this chart so you may observe the next level.
Trade safe!
If we lose the zone that we are currently trading in then we will visit the next area of massive demand and multi-trend confluence.
I will post an image below of a zoomed out version of this chart so you may observe the next level.
Trade safe!
註釋
註釋
註釋
Crude has slipped past the first key support, next up $67!註釋
註釋
Entered a modest long.註釋
Still looking good, a micro double bottom has formed. I added on the back test double bottom.註釋
Interesting to see this idea play out
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