Without having an understanding of down, you can never appreciate up.
- | Additional Username | Joined May 2016 | 128 Posts
Without having an understanding of down, you can never appreciate up.
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Disliked{quote} bro at this level, we should be foreseeing another downtrend from your expertise?Ignored
Disliked{quote} I think what we definitely could see, was that there is supply at this level. Whether this will increase demand and price or whether we will continue to see short selling is more 50% / 50%. My original chart has 2 targets, 38,2% was the target I traded to. It is also possible that the AB=CD could go to the 68. But the trend for the year, is in fact, bullish and I will be attempting to get long and would be looking for the 50+ area or to target the next resistance. Keep in mind I'm a position trader and trend follower, my chart told me we...Ignored
DislikedDaily (Brent Crude) While price approaches the 200 day sma and has broken the support, we keep watching to see if this is a deeper correction and if the Fib-Levels will now be in play for scalping. Generally, on the commodities, the moving averages are not quite as important as the fundamentals have further reach. So it will be interesting to see the result of the data release on Wednesday, I'm not finding the right R/R to enter short or long yet. Happy to wait. {image} Trade safeIgnored