November 8, 2012
- in Uncategorized by schooloftrade
Crude Oil Afternoon Up-Date:
 |
| Crude Oil Chart |
We are still
trading in a sideways range, a bearish price-wedge and just above the PLOD. This INSIDE DAY within a price-wedge and at
the lows of the trading range reminds us to follow our trading plan of buying
at the lows and selling at the highs.
trading in a sideways range, a bearish price-wedge and just above the PLOD. This INSIDE DAY within a price-wedge and at
the lows of the trading range reminds us to follow our trading plan of buying
at the lows and selling at the highs.
If price
wants to keep dropping, we are looking for price-reversal patterns on both the
scanner and a 2-step pattern to enter long when we test support.
wants to keep dropping, we are looking for price-reversal patterns on both the
scanner and a 2-step pattern to enter long when we test support.
If price
starts to rise we then know the buyers have failed and when they fail at the
lows we look for wave patterns and 2-step patterns to enter long buying the
lows and then taking profit-target at the 86.60 trigger-zone resistance and the
final profit-target at the highs of the price-wedge around 88.00 or so.
starts to rise we then know the buyers have failed and when they fail at the
lows we look for wave patterns and 2-step patterns to enter long buying the
lows and then taking profit-target at the 86.60 trigger-zone resistance and the
final profit-target at the highs of the price-wedge around 88.00 or so.
