The CL daily time frame is in an up trend. The
market is making higher highs and higher lows.
The market is at a low price hitting the up trend
angle at the same time hitting a known level
of U-turn price point 66.34. It will be a good idea
to wait for the market to confirm the buyers
have taken control by waiting for a counter
trendline break bullish in the buy zone before
looking for buy trades. It will also be a good idea
to turn to the one hour time frame and to look
for low prices in the buy zone.
market is making higher highs and higher lows.
The market is at a low price hitting the up trend
angle at the same time hitting a known level
of U-turn price point 66.34. It will be a good idea
to wait for the market to confirm the buyers
have taken control by waiting for a counter
trendline break bullish in the buy zone before
looking for buy trades. It will also be a good idea
to turn to the one hour time frame and to look
for low prices in the buy zone.
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