8.22.23 This video is not just about An oil trade follow up. It's about pattern recognition and attaching these patterns to make effective trade decisions. I think it's important that look at a clean chart with very little notation.... even if you're very familiar with that market and then go back and apply your tools. There is something that I didn't say in this video... which is my fault. I did say that the market Is likely to go lower and I kept Pointing to the support area... but I actually think the Market's going to break the support area and go to the 382 retracement that I did not draw on the chart today because I picked the clean chart. the 382 Is on yesterday's chart. However, Since I brought this up.... the price has to go below the support area. I think it's setting up for more Continuation lower and we'll just have to wait and see.
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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.