CRUDE OIL // neutral zone with long bias
One impulse move down, on impulse up to a higher high on the daily that happens to be above the last weekly south breakout. This gives a hint that we should be looking for long trades.
Above the red zone, definitely. If this holds the price and it starts to go up, breaking the currently valid short countertrend, price may complete another impulse wave north.
The green long trigger zone is a reaction zone where long trades can be initiated, but pay special attention to the direction shown by the waves on H4.
Trade safe! ⚪️⚫️
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ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter.
WE JUST REACT!
Remember that trading is a business.
SIZE your TRADES according to your risk aversion!
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Above the red zone, definitely. If this holds the price and it starts to go up, breaking the currently valid short countertrend, price may complete another impulse wave north.
The green long trigger zone is a reaction zone where long trades can be initiated, but pay special attention to the direction shown by the waves on H4.
Trade safe! ⚪️⚫️
--------------------------------------------------------------------------------
ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter.
WE JUST REACT!
Remember that trading is a business.
SIZE your TRADES according to your risk aversion!
----------------------------------------------------------
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