Short Apache
Oil prices crashed and this created a great opportunity for trading. Why? Volatility.
There is a clear divergence between the RSI and volume.
In regards to the price, a rising wedge is forming. This indicates that supply is becoming more anxious at this zone.
Identified a daily supply zone, and a good looking entry spot with a good reward/risk ratio. Ratio is about 4.3:1.
Jack Swagger (1996) mentioned some benefits to the investor for using charts.
Set up entry and target.
provides concise price history
provides a good sense of market volatility
timing tool
reflect market behavior that is subject to certain repetitive patterns.
There is a clear divergence between the RSI and volume.
In regards to the price, a rising wedge is forming. This indicates that supply is becoming more anxious at this zone.
Identified a daily supply zone, and a good looking entry spot with a good reward/risk ratio. Ratio is about 4.3:1.
Jack Swagger (1996) mentioned some benefits to the investor for using charts.
Set up entry and target.
provides concise price history
provides a good sense of market volatility
timing tool
reflect market behavior that is subject to certain repetitive patterns.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.