April 23, 2013
- in Uncategorized by schooloftrade
Will Crude Oil pull back BEFORE it moves higher?
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| Crude Oil 30-Minute |
Crude Oil
30-Minute:
The half-hourly chart
of Crude Oil shows us more information regarding the bullish price-channel,
which we will use to buy the zone from 88.60 down to 88.40. We know to look for an easy opportunity to
buy as prices pull back ahead of what COULD be a large move higher after prices
come down to the lows.
of Crude Oil shows us more information regarding the bullish price-channel,
which we will use to buy the zone from 88.60 down to 88.40. We know to look for an easy opportunity to
buy as prices pull back ahead of what COULD be a large move higher after prices
come down to the lows.
We can see the 30-minute chart shows us testing a sell-zoneand now headed south to the buy-zone, which means we’re looking to sell short
on the way down, taking profit at the buy-zone 88.60 and then waiting patiently
for price-action to reverse and move higher for a buying opportunity using the
price-channel and the trigger-zone.
