The zigzagging nature of the OIL's price action suggests
that the bears are finding it difficult to keep OIL down.
Though we haven't enough evidence that OIL is a buy yet,
I suspect that OIL will be bought up at some point soon.
Commento:
Ok so the bounce did not play out like I thought. And of course there was no
positive divergence and only price action and oscillators, though it went up
enough to move stops, I just took the 1% loss. That is ok. My many other trades including BTC and Nasdaq make up for this loss. Now that the commodities have moved in to bearish territory, I believe that we will move into a deflationary period wholeheartedly. This is not good for anybody except competent traders. They are the ONLY ones that can even thrive in a bear market.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
positive divergence and only price action and oscillators, though it went up
enough to move stops, I just took the 1% loss. That is ok. My many other trades including BTC and Nasdaq make up for this loss. Now that the commodities have moved in to bearish territory, I believe that we will move into a deflationary period wholeheartedly. This is not good for anybody except competent traders. They are the ONLY ones that can even thrive in a bear market.