lets have some fun with crude...!

linkon7

Well-Known Member

linkon7

Well-Known Member


HOD is being tested... We already have a lower LOW.... now where ever our swing ends... we will have a lower HIGH... unless we take out 3704... Then we resume the upmove...

waiting for the first heiken red...to initiate short... with HOD as SL....
 

linkon7

Well-Known Member

Their charts are also not showing much direction...

Bulls appear tired and those bears in pain have exited creating the huge 6% run we saw yesterday...

now its those bulls who sat on the sidelines and missed to 20% move up... they are the ones who feel the pain of missed opportunity... will drive prices up
Bears who got burnt shorting the move up will wait for some news to hammer it down... they are cautious and wont act in a hurry...

mentally, we expect a slow drift today and every dip will be bought... every rally will be used to book profit by the bulls... since bulls are incharge of this market as of now...
 

linkon7

Well-Known Member
got my first short @ 3663... qty 50%... SL @ 3671
expecting this to hit SL
 

linkon7

Well-Known Member


Dollar gave the nice up swing to crude...while WTI was flat...
 

linkon7

Well-Known Member


When you suspect market is bracketing... and might trade both ways... a simple Boilinger band with 20,2 setting shifted 2 bars right... does the trick.
 

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