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Crude oil day trading strategy
slower 89 range chart because we have a very important price pattern, the AB=CD
pattern, which is telling us to sell these highs as resistance. We can see the trend line support below us
for the first target 98.80 and the trigger zone support from A up to D for the
final target of 98.15 when this price comes tumbling down. My stop loss on this trade short will be
above the resistance overhead at 103.20.
short at 101.30 and place your stops and targets correctly and let it run. Second way of trading it is to use the AB=CD
pattern as our guide, and with every new lower low we look to sell retracements
taking less risk per trade, more trades to accomplish the same move, but more
strategic for an intra-day trader’s personality and risk tolerance.
pattern which also adds overhead resistance and give us the opportunity to sell
these highs even more. Look for BOTH the
AB=CD and the Price channel break patterns as the biggest reasons to sell when
the buyers fail at these highs and we start seeing new lower-lows.
We are trading above the bear price channel,
above the range from Monday, and above the price wedge which are all big clues
to sell these highs and bring price back down below the PHOD. If these buyers fail there will be blood in
the water and the sellers will take this price DOWN fast!
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| Crude Oil Day Trading Strategy |
The
55 range chart on crude oil confirms the exact same reversal point with a
completely different timeframes and AB=CD pivots. We see the same place for the price reversal,
and another reason to look to sell these highs when the bottom falls out. Look for lower-lows and sell a retracements.
for our day trading strategy. We know
the AB=CD and Price channel break resistance is overhead so we’re preparing for
the price to drop, and when it does we will be ready with trigger-zone support
levels for our short term targets.
Remember, you can trade this AB=CD and price
channel break pattern by simply selling once and taking profit around 98.80 or
you can also break it up into smaller, lower-risk (and lower reward) trades on
the way down to help accommodate an intra-day trader with less risk tolerance.
the 21 range chart on crude oil gives us a new bull price channel and a double-top on this faster timeframe, which tells us our plans for selling below PHOD are going to be delayed uhtil we get below 100.60. Buy pullback above 101.65 with higher risk, and when price falls off these highs we want to sell retracements with new lower lows.
Buy the lows of the sideways range at 101.00, and buy the double-top support levels along with the PHOD below us as price falls. Once price breaks the Max Extension support at 100.60 from the double-top then we can agressively start selling off.
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| Crude Oil 21 Range Trading Strategy |
