March 8, 2013
- in Uncategorized by schooloftrade
Crude Oil Chart Prep
The anchorchart on Crude Oil tells us we are in oversold territory so the high-percentage-trades
today will come when we get the price-reversal followed by a green cloud on the
anchor chart. We can see we are trading
towards the middle of the massive sideways-trading-range and we would love to buy-the-lows
at support and sell-the-high at resistance of this range, however that will
have to wait for a few more days.
Our day
trading plan on Crude Oil today is to wait for the lows of the price-wedge to
be tested and hold as support and then once we get the signal to buy we want to
buy these lows.
trading plan on Crude Oil today is to wait for the lows of the price-wedge to
be tested and hold as support and then once we get the signal to buy we want to
buy these lows.
