Oil now at a solid floorKILLED it in TVC:USOIL today. Thought I shorted when it was ready to reverse but I held out and it paid off. Now, I'm not so sure it's gonna just keep falling as it has been. The one thing making me think it might is our very SLOOOOWWWWW transition into clean energy. Cant help but wonder if the recent downtrend stems from things we dont fully know about.....anyway.......
Last time we broke through this level, we hit a support then went back up. Things were different then, though. Remember that when basing support and resistance off historical key levels, times, politics, policies etc...were different. I use them as guides but not precise measurements to trade off.
Lately, I've been using volume profile on fixed and visible range to see where limit orders might be. Been proving rather accurate.
any tips and info on using volume profile with price action are encouraged.
Thank you for your time.
