CL1! (CRUDE OIL) ... BULLISH
Updated
Bullish.
After forming a new peak high,
price retraced to the +FVG.
Friday's "news wick" tapped the
-FVG above and quick returned
the +FVG. Should the +FVG hold,
expecting price to move toward
the highs, as price moves from
Internal -> External liquidity.
The LRLR to the lower left is a
draw on LQ that bears watching.
I enjoy any feedback or questions in the comment section.
All opinions are welcome!
LIKE or BOOST this post, if you would. I would be appreciate it.
SUBSCRIBE if you want to catch all of my future postings!
After forming a new peak high,
price retraced to the +FVG.
Friday's "news wick" tapped the
-FVG above and quick returned
the +FVG. Should the +FVG hold,
expecting price to move toward
the highs, as price moves from
Internal -> External liquidity.
The LRLR to the lower left is a
draw on LQ that bears watching.
I enjoy any feedback or questions in the comment section.
All opinions are welcome!
LIKE or BOOST this post, if you would. I would be appreciate it.
SUBSCRIBE if you want to catch all of my future postings!
Note
Trade closed: target reached
ERL->IRL complete.
Now... IRL -> ERl (those relative equal lows).
Then back up to the wick.
Keep your eye on it.
Note
Price created the Swing Low, and headed back to the -FVG.
I believe it is likely the wick gets filled as price heads to the ERL target... the highs.
The lows to the left can wait.
Note
May get the bounce off of the Unicorn (FVG+BB)
Note
Patience pays
Related publications
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.