Zone
WTI: Back in the buy-zoneWTI Spot: USOIL Finally WTI has come back to test the old support shown on chart - it should rally from here - but with a fairly tight stop because if it breaks below today's low by more than 5 pips it will necessitate reversing postion for quick fall to 48.01. It's a good either way bet for the cold calculating trader..."Good traders close positions when wrong. Great traders reverse positions when wrong " Schrader
Facebook update: Back in the buy zone for long term holdFacebook: If you're not already long of Fb because you thought you maybe missed that boat, you're wrong. This has so much further to go but only about $1 downside from here. Last change to get long or pyramid winning positions from current levels.
We can use different strength for support and resistance levels.We can use different strength for support and resistance levels.
Such as Support level from lower strength and Resistance level from higher strength.
Where or when were the current supply & demand zones formed? You may track back to 10 months ago
Massive AUDJPY Structure on the WeeklyI don't think there is a name for this kind of pattern, but here it is.
My prediction is that price will range between these 2 areas for another 3 - 4 years.
So essentially look for a short from the current price down to the mid 70s, then back up to the mid 80s, repeat that again, and then a drop to the mid to high 50s.