West Texas OilLong
West Texas Oil - Bullish Trend Continues.....
After a long accumulation range that end last quarter of 2018 , we saw a breakout with the price reaching the mid seventies.
This was our first indication that a trend is about to begin. The price then pulled back into the buy zone(75-87.5 fibs) and produced a buy pivot.
Good stopping volume came into halt the price as it move back to the center of the accumulation range.
In Wyckoff terms this is - "Jumping across the creek" and a "Back to the creek".
We should see price move higher, back above the mid seventies.
This was our first indication that a trend is about to begin. The price then pulled back into the buy zone(75-87.5 fibs) and produced a buy pivot.
Good stopping volume came into halt the price as it move back to the center of the accumulation range.
In Wyckoff terms this is - "Jumping across the creek" and a "Back to the creek".
We should see price move higher, back above the mid seventies.
Time is the only true currency...how will you spend yours and what value will you receive?
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