 |
| Marty's PIT Session Levels |
 |
| Crude Oil Daily Chart |
The daily
chart of Crude Oil shows us pushing to the highs of the price-wedge with
bullish candlestick patterns and large wicks at the bottom of the last 2 days
of daily candles. This suggests rising
prices as we go into the bottom-half of the week.
 |
| Crude Oil 60-Minute Chart |
The hourly
anchor chart of Crude Oil shows us the same bullish price-channel we used to
call a winning trade long on Tuesday morning.
This morning we see that price-action has moved to the highs of a price-wedge
which means this morning may be a challenge for us as traders. The bull price-channel tells us price-action will
want to keep rising, but this trend line in our way may say differently. We know we want to buy pullbacks but this
trend line and price-wedge will most likely make buying pullbacks more
difficult this morning so we will need to be patient on the way higher
today.
No comments:
Post a Comment