The price is trading in a confined range at the moment and will likely come down after a big spike.
Also you can see my MFI indecator is showing a curve to the downside even if price stayed liniar to the up side, indecating more weekness in the price.
It also showed 2 sell signals.
Short term short with stop loss above range. :)
Let's see what happens
Also you can see my MFI indecator is showing a curve to the downside even if price stayed liniar to the up side, indecating more weekness in the price.
It also showed 2 sell signals.
Short term short with stop loss above range. :)
Let's see what happens
Note
Crude oil showed a lot of strength by spiking to the upside and completely removing the trend line. It has now bounced over the trend line for a retest and will likely continue higher.I closed my short position and taking a long with my Stop Loss just below the last volatile area.
Note
Trade closed: stop reached
NOPE.. just being manipulated by the market makers..
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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.