CRUDE OIL__daily:--- ABC & Box Method.
46.44 could act as a springboard(DB) for a rally. and once we manage to stay above the CMLH(51.96) = Buy continuation.
And so, you want to patiently wait to see a BO&C < 46.44 on New York closing basis BEFORE you go short.
Earlier in my trading journal(July27), I had called for the turn around @ sweet spot.
This is my plan---
--Shorting the break of 46.29 for 40.50 w/ stop @ 50.63 to be update to 49.20 upon trigger
----moorekapital
And so, you want to patiently wait to see a BO&C < 46.44 on New York closing basis BEFORE you go short.
Earlier in my trading journal(July27), I had called for the turn around @ sweet spot.
This is my plan---
--Shorting the break of 46.29 for 40.50 w/ stop @ 50.63 to be update to 49.20 upon trigger
----moorekapital
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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.