Tag - oil

Brent Oil overview

Let's start reading in the first half of November. I plot the orange range lines from 06/high and 08/low 1- SLKT (Trap for breakout bulls) 2- SLKB (Trap for breakdown bears) Since that time we got a bullish rally. Let' study its character. C > (A+B)/2 E > (C+D)/2 Well, market is demonstrating bullish behavior as...

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Brent update

If you: buy in point 1 in order to catch breakout above yellow resistance and place your SL in point 2 (under the previous minor low) ... ... then - my apologies. it was the worst trade for the week possible. What the last bar is telling us? Too much volume on...

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