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CL - It's doing what it has to do
Crude Oil Futures (Apr 2017)
Short
CL - It's doing what it has to do
By Tr8dingN3rd
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Updated
Mar 2, 2017
8
Feb 28, 2017
Looks like the previous post will become true.
Sitting tight and wait for the Bus to the centerline hehe...
Peace!
Mar 2, 2017
Comment
As things unfold, we see in the daily chart that the U-MLH of the downsloper (blue fork) was respected...looks like to the tick. Just let go crude...
Mar 2, 2017
Comment
Lower white MLH broken. Daily Tgt. CL, expecting a PB to the L-MLH for a test/re- test.
via
tradingview.com
Mar 3, 2017
Comment
Closer look - because it's fun.
Price broke out of the L-MLH (blue fork) and did a textbook pullback so far...it's not finished yet. This is a good time to enter or to load up.
I still expect price going further south, fulfilling it's job to go down to the centerline of the big-boy white fork.
P!
CL
crude
crudeshort
FORK
short
Tr8dingN3rd
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