August 1, 2016
- in Uncategorized by schooloftrade
Market Psychology Of A Breakout Morning On Crude Oil Futures; SchoolOfTrade.com
We open the market lower on the month with a bull attempt higher which completely failed back down sparking the bear move down slamming price further and further on the day. This bearishness all morning saw every bull attempt fail and drop right back down.
When a market opens up in this manor with a small gap down but immediate bullish trapping into bearish movement, you may end up with a very nice trend working lower. The important part is to not try to find the bottom as there likely won’t be one — stick with the trend!
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