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Thought this chart was worthy of posting. Wednesday we tagged the 1st daily lower level and bounced, Thursday we tagged the 1st daily upper level and pulled back slightly, then today we have run up to the 1st daily upper level and are stalling there currently.
Can you help answer these questions from other members on NexusFi?
imo, 109.93 (Fridays daily upper level) is the line in the sand for long / short today. CL has tested that level quite a few times in the last 24 hours of trading and we have just now had two closes (hourly) below that level. It's pretty clear this is tipping point for todays trading.
Pattern still holds. Still looking to close out short around 106.22 range. A break AND hold above 107.92 then the downtrend is broken and it will be time to cover and look for next opportunity.
Boxed between yesterdays ranges. The top of the box keeps getting tested and the upper half of the box is where all the price action has remained. Sure feels like a long signal wants to pop here.
