DislikedSecond question: many traders put on their chart a Trend Indicator like a Moving Average (or a system of MAs) ...and then they trade against them. Without any good reason and with great joy! What could be the obscure reason for this weird behaviour? My spirit is just for a collective meditation. Hope it makes sense. ByeIgnored
yours and phils view turned out to be correct. look what happened later. but i have to stick to my guns.
US Oil made a 5 continues move up and then 1 up wave and then a breakdown. this is not a downtrend yet on the daily timeframe. attached my full trading screen.