Update on WTI - Long:
This market is now showing some promise of reversal as the daily chart has now created a higher high. As I stated earlier, I was premature in my entries (as seen here), but oddly enough now that I look at it in this light, I see that my entries probably would've been placed in the same location anyway. So I got lucky in that I am already positioned. But I still anticipate a retesting of these most recent lows, and the position is still at risk as price has not yet risen sufficiently to move my stop closer to the market.
Patience!!
This market is now showing some promise of reversal as the daily chart has now created a higher high. As I stated earlier, I was premature in my entries (as seen here), but oddly enough now that I look at it in this light, I see that my entries probably would've been placed in the same location anyway. So I got lucky in that I am already positioned. But I still anticipate a retesting of these most recent lows, and the position is still at risk as price has not yet risen sufficiently to move my stop closer to the market.
Patience!!
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