Buy and sell the break out.....
WTI Usoil has been consolidating around this zone for the majority of last week. No real faith is held in either direction from the market.
A contraction of the Bollinger bands and the FOMO sediment will see a break out lower or higher of these levels resulting in a significant rally. I’m not trying to guess the breakout, I’m prepared either way. But I feel that it is coming.
If it hits my buy or sell levels and returns to current bounce zone area, I know my plan didn’t work. I’ll take a 30 point loss. But if price rally’s either way I’m expecting 100-200 profit gain.
In my opinion worth the risk.
USOIL
A contraction of the Bollinger bands and the FOMO sediment will see a break out lower or higher of these levels resulting in a significant rally. I’m not trying to guess the breakout, I’m prepared either way. But I feel that it is coming.
If it hits my buy or sell levels and returns to current bounce zone area, I know my plan didn’t work. I’ll take a 30 point loss. But if price rally’s either way I’m expecting 100-200 profit gain.
In my opinion worth the risk.
USOIL
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