August 29, 2012
- in Uncategorized by schooloftrade
Crude Oil 21-Range Technical Analysis:
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| BIG CLUES ON CRUDE OIL |
– Bearish AB=CD Pattern Provides Resistance @ 97.72
– Price Wedge, so sell the highs, buy the lows
– Short term trading range, sell the highs, buy the lows
– Double-Top provides Support
– Double-Bottom provides Resistance
– Buy-Zone uses the AB=CD Pattern to buy > 96.85
– Sell-Zone uses the AB=CD Pattern to sell < 95.20
– We are trading above PLOD, below PHOD, this is called ‘INSIDE DAY”
