Amazing how many traders venture into the Bahama Banks of Trading - Crude Oil
Twice a day, the bellows of Open Outcry remnants begin.
CL has always used the .55 and .85 as PIT PIVOTS.
You can too.
The Salient Point here is this...
The 82.69 Pit Close is highly relevant in TREND...
8266 traded during the PIT this AM Session.
It completed 2 Objectives:
1. The Gap Fill - the NEXT SELL
2. The Tag of the Prior Pit Pivot when which confirmed the TREND.
It was missed by 3 Ticks, CONFIRMING Lower Price Objectives...
________________________________________________________
Trading Involves WORK, if you are immune to doing it, please don't
ask me to explain.
It demonstrates a clear lack of congruent traing behaviors and overall
ignorance to what you are doing with your Capital.
If you don't respect it... don't anticipate I will.
Time, is never returned, don't waste it.
Twice a day, the bellows of Open Outcry remnants begin.
CL has always used the .55 and .85 as PIT PIVOTS.
You can too.
The Salient Point here is this...
The 82.69 Pit Close is highly relevant in TREND...
8266 traded during the PIT this AM Session.
It completed 2 Objectives:
1. The Gap Fill - the NEXT SELL
2. The Tag of the Prior Pit Pivot when which confirmed the TREND.
It was missed by 3 Ticks, CONFIRMING Lower Price Objectives...
________________________________________________________
Trading Involves WORK, if you are immune to doing it, please don't
ask me to explain.
It demonstrates a clear lack of congruent traing behaviors and overall
ignorance to what you are doing with your Capital.
If you don't respect it... don't anticipate I will.
Time, is never returned, don't waste it.
Note
PM Pit Close 8273 - Above 8269The Lows held the Price Objective, reversed
and traded to the Pivot with a higher closing.
CL Price is now in the Desert - nowhere, generally
not a good place to do much at all.
Trade the Levels at Support and Resistance, knowing
where PIT Prices ACT AS A MAGNET.
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.
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.