USOil has been consolidating since late December. If you're a trend trader you know you're either going to be waiting for price to break the consolidation range before you trade or if you were already in the trade, you'll be holding onto the trade until price begins trending again. Well, USOil finally made a new low.
This is a great time to setup for future sell positions if rice pulls back and can stay below the last lower high price. If you haven't read my previous post on oil, where I go into detail about the consolidation range, give it a read. The post is below.
As always, thanks for reading this quick post. Be sure to like the post to boost it. I appreciate it.
This is a great time to setup for future sell positions if rice pulls back and can stay below the last lower high price. If you haven't read my previous post on oil, where I go into detail about the consolidation range, give it a read. The post is below.
As always, thanks for reading this quick post. Be sure to like the post to boost it. I appreciate it.
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.