Oil Dxy
12. 19. 22 The oil and the dxy looks like they're going higher. They made their reversals last week at support. However, they are trading into bearish price action, and need to go higher put pressure on to the sellers force the sellers to become buyers to exit their positions. Another way to state this how to say that the buyers who run the stops of the sellers. Either of these markets how to make new lows. There could be a significant move lower and this is why you want to keep your stops. So you have to keep an eye on these markets. However, it is a good exercise and using gaps a behavior around the gaps and the extensions to guide your trade decisions I believe if you can make money in markets like this, you'll have a fairly easy time trading markets that are less difficult.
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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.