CRUDE OIL__daily:--- ABC & Box Method.
46.44 could act as a springboard(DB) for a rally. and once we manage to stay above the CMLH(51.96) = Buy continuation.
And so, you want to patiently wait to see a BO&C < 46.44 on New York closing basis BEFORE you go short.
Earlier in my trading journal(July27), I had called for the turn around @ sweet spot.
This is my plan---
--Shorting the break of 46.29 for 40.50 w/ stop @ 50.63 to be update to 49.20 upon trigger
----moorekapital
And so, you want to patiently wait to see a BO&C < 46.44 on New York closing basis BEFORE you go short.
Earlier in my trading journal(July27), I had called for the turn around @ sweet spot.
This is my plan---
--Shorting the break of 46.29 for 40.50 w/ stop @ 50.63 to be update to 49.20 upon trigger
----moorekapital