In this example we have USOIL playing out beautifully.
I'm expecting price to stop hunt high giving us a nice short opportunity.
News articles looking pretty negative about OIL to convince retail traders to Sell NOW.
After hitting their stoplosses, I expect News articles to display positive information about USOIL to get people to long/buy OIL
Perfect psychology trap to trap the masses once again.
Use proper risk management.
ALL GLORY BE TO THE MOST HIGH
I'm expecting price to stop hunt high giving us a nice short opportunity.
News articles looking pretty negative about OIL to convince retail traders to Sell NOW.
After hitting their stoplosses, I expect News articles to display positive information about USOIL to get people to long/buy OIL
Perfect psychology trap to trap the masses once again.
Use proper risk management.
ALL GLORY BE TO THE MOST HIGH
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.