I like the action on the ML small rejection of SP but did not hold on the retest...definetely the UML/TL needs to be respected along with these horizontal levels appear to have some good action above and below.
Always interesting when fibs line up with market structure...daily CL 2-13
Easy to see the movement from one range to the next here...240m chart
we're at the top of the range but the difference is we are consolidating instead of rejecting...looking to higher prices
could see the top of the next range around $96 - 98
Nasdaq looks to be headed down eyeing the blue LML or the red ML..some bottoms there around th 78 fib, nice triple top looks a bit like a stop run there on the 3rd drive...ouch hate it for you breakout traders.
Joined Sep 2011
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