First Red Since Bottom. (USOIL)
🤔 We tested the 34.50 key area that I said we would look to test next in my previous oil post linked below. Check that out. I'm currently in a short for 5% from the breakout point. That rebound would of been a nice scalp play, but I'm still sitting on it. The Crossover strategy and ema dots on lower timeframes showed you the entry.
My main focus is this daily timeframe where we do see a red crossover and red ema dots.
Did have a nice rebound off the range support we were watching. From a bear standpoint we need that 34.50 to crack to move towards 31.50 next for a test. If happens then the next range to play will be 34.50 - 31.50
I like my position and not worried about the scalp. Trying to capture a larger term move.
Checkout the last post on oil below in the related ideas.
Best of luck 🎲🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
My main focus is this daily timeframe where we do see a red crossover and red ema dots.
Did have a nice rebound off the range support we were watching. From a bear standpoint we need that 34.50 to crack to move towards 31.50 next for a test. If happens then the next range to play will be 34.50 - 31.50
I like my position and not worried about the scalp. Trying to capture a larger term move.
Checkout the last post on oil below in the related ideas.
Best of luck 🎲🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
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