This an attempt to try and draw a pitchfork on oil to try and engulf the trend between the resistance and support
This is an attempt to recreate an analysis done by Ismail Hajjam for training purposes. As you can see on the chart the ZN is on an upward trend, which can be seen by the two parallel lines that acts like resistance and support. The deciding factor that will determine the probability in which the chart will go can be seen in the last resistance indicated by the...
The market is squeezing its buyers, as you can see by the big volume and the big wick
if you sold at the beginning of the declining trend, you should make notice of the the big red volume (the biggest since the start of the day) as warning from the market that the trend will soon end, and get out at the next green candle.