Oil- long position triggered

Price has found support at above neckline of head and shoulders (H&S more apparent on lower timeframe but easily seen on rsi). Rsi also find support at neckline. (You can read Rsi same as price action in most cases). Now middle of regression line (dashed black line)is support. Green arrow is proposed path to 1st target and second red arrow proposed path of breakdown of up wedge

Also see link for details about long trigger

Please give thumbs up if you find this interesting.

Bình luận:

Above should read second black arrow.

Bình luận:

I entered CL a bit later than I would have liked. I entered at 65.45. And I do exit GC trade.

Bình luận:

So far Cl moving to plan. I might add if price return to bottom of wedge

Bình luận: