(MCX Comedy..Errr. Commodity) - How to Fake your Trade

[wickedmaverick]

Crude going down??? Visual support first at $64, then $62, at $60, finally at $58.

 

[wickedmaverick]

 

[Aman1]

Crude ki lagta hai jaldi khaat khadi hone wali hai?

Ho hi gayyee khat khadi. Uptrend over?

 

[nurav]

Sir ji bottom is in place till next inventory. Would not breach today's low say 64.50

 

[nurav]

for details see my thread.

 

[nurav]

http://prntscr.com/kiyygd Final confirmation above 65.30

 

[nurav]

http://prntscr.com/kiyyw0

 

[nurav]

Now going down to make a higher low to complete the pattern. Invalidation of views if we go 5 cents below today's low.

 

[nurav]

To visualise just think of the Red Box as a single Range Candle (Sans time) and the green box as also a single candle. Now if we go above 65.30 then the green candle would be totally engulfing the red candle (Right at the bottom of the down trend).
http://prntscr.com/kiz13t

 

[nurav]

http://prntscr.com/kiz3rd Green box is the pre-inventory range OBV