A Renko Trading Strategy - A Look at a Chart

This is a current view of CL and some details on the consolidation that is showing up on the 50 and 25 tick charts. February resistance levels are getting tested again. The 10-tick short-term chart has shown some strength but now showing divergence as price hits the larger blocks resistance levels.

10-tick chart
snapshot


25-tick chart
snapshot


50-tick chart
snapshot

Chart PatternsCrude OilTechnical IndicatorsrenkorenkochartrenkochartsWTIwticrudewtioil

Related publications

Disclaimer