CL Redux

I am going short at test of 74.99 which is the VAH of yesterday, I am expecting to touch 74.31 some time today, which is the VAL of yesterday.

 

its nowhere near 72.35 or are you on the QM or further out month?

 

Reading Price Charts Bar By Bar by Al Brooks

Trade Chart Patterns Like the Pros Suri Duddella

Technical analysis of stock trends Edwards & Magee

Technical analysis Schabacker

Also search my posts for Al Brooks seminars

 

I meant 74.35 sorry.

 

thanks Eon, yes, I have Al Brooks -- gonna dig into that!

 

I am also new to CL. What has helped me is learning price action. NoDoji is the reigning queen of price action, if you like to review her volumonous posts here on ET. she is very generous with her time. has helped me out quite a bit.

mrbochin is making some great calls with market profile. That is another technique to consider.

 

Sim long 74.99 .15 target, .15 stop. Looking for 2 leg pullback to this down trend.

 

Moved stop up to 74.87 - stopped out.

 

Are you trading Oct or Nov? LOD for Oct was 7460.

 

looks like crude is ready to fall