Up-Trend. Price at the lower band
Note
In oil as a secondary time frame I use 5 minThe red lines are areas where i think a lot of stops got hit and also areas where buyers really were in control from yesterday.
Note
Our stop is at 47.89 so if its going to reverse and not follow the trend in 1H we are going to get stop at a price level that way reverse again to the upside direction. In that case if we get bullish evidence we join the trend again.
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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.