Get started
Tr8dingN3rd

CL - Crude reached it's balance - what now?

Light Crude Oil Futures (NYMEX:CL1!)  
Tr8dingN3rd Updated   
NYMEX:CL1!   Light Crude Oil Futures
Trend Analysis Chart Patterns Technical Indicators CL crude crudelongshort Pitchforks FORK forker actionreaction
6
0
trendanalysis chartpattern indicator cl crude crudelongshort pitchfork fork forker actionreaction
As we see, price reached the Centerline, which is Rule Nr. 1 on ForkTrading: "Price reach the Centerline over 80% of time".

OK, but what now?
Energies move from balance to extremes.

This means, that price will either drop to the L-MLH, or trade through the Centerline and towards the U-MLH.

Since we don't know what will go on from here, how about to take both sides?

Wait...trading Long AND Short?
Jep!

Follow me on my trading blog (see footer) and see how I'l will plan this.

P!
Comment:
Ooooon the way.
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.