Hi all,
Today oil resume its downtrend pattern following D
Thus I have to follow D trend
but be careful with Support line
If there is possible counter trend, perhaps I try to do counter trend with limited profit (no overstay) or avoid it at all (maybe better but lost one day trade)
and see how the pattern are forming around the line
then enter the market again after it makes a clear new direction, reversal or continuation
since I am an individual trader I am free not to choose to be in the market all the time
I need to be out of the market when strong downtrend with possible reversal at SR line
I see price action, bouncing from support line, first it moves fast and furious, then getting slower and slower then reverse at the resistance line. cool
rt15
Today oil resume its downtrend pattern following D
Thus I have to follow D trend
but be careful with Support line
If there is possible counter trend, perhaps I try to do counter trend with limited profit (no overstay) or avoid it at all (maybe better but lost one day trade)
and see how the pattern are forming around the line
then enter the market again after it makes a clear new direction, reversal or continuation
since I am an individual trader I am free not to choose to be in the market all the time
I need to be out of the market when strong downtrend with possible reversal at SR line
I see price action, bouncing from support line, first it moves fast and furious, then getting slower and slower then reverse at the resistance line. cool
rt15