As traders we want to be predictive in our analysis and reactive in our execution. And there is no easier way to follow through with this concept then on a bracketed breakout trading opportunity.
Oil has recently been on a short-term bullish run which has ended with price entering a period of consolidation. Consolidation leads to expansion so I do expect a future breakout to occur.
The question however is in which direction. If I knew the answer I would bet everything I have including the house and the kids on it but unfortunately I don't. (and my wife would kill me).
What I do know, is that there's a good chance that the market will give us a clue of what direction it wants to continue in and that's what I'm waiting for with this trading opportunity.
If you have any questions or comments please leave them below & be sure to show some love by hitting that LIKE button before you go.
Akil
Oil has recently been on a short-term bullish run which has ended with price entering a period of consolidation. Consolidation leads to expansion so I do expect a future breakout to occur.
The question however is in which direction. If I knew the answer I would bet everything I have including the house and the kids on it but unfortunately I don't. (and my wife would kill me).
What I do know, is that there's a good chance that the market will give us a clue of what direction it wants to continue in and that's what I'm waiting for with this trading opportunity.
If you have any questions or comments please leave them below & be sure to show some love by hitting that LIKE button before you go.
Akil
The Trading Coach Podcast- Available on your favorite app!
anchor.fm/thetradingcoachpodcast
More Videos youtube.com/akilstokes
Free Trading Computer Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
anchor.fm/thetradingcoachpodcast
More Videos youtube.com/akilstokes
Free Trading Computer Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
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.
The Trading Coach Podcast- Available on your favorite app!
anchor.fm/thetradingcoachpodcast
More Videos youtube.com/akilstokes
Free Trading Computer Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
anchor.fm/thetradingcoachpodcast
More Videos youtube.com/akilstokes
Free Trading Computer Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
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.