Don't get caught in the bull trap! This is all manipulation
Barring OPEC saying something in the coming week(s) that will make Oil carry on bullish, this is pretty much a manipulation party from $72.5 up to these prices.
However, even though they occurred in 2014 - there are some juicy red vector(manipulation) candles all the way up to $107 with the next (Red Vector) body and wick top being 88.63 and 90.7 respectively, this is something any and every "Bear" has to bear in mind. Excuse the pun.
Because as we know by now, every manipulation candle needs to be recovered no matter how long the cycle is.
So if we see Oil being crazy like pretty much the whole of 2021, we need to spare a thought for where it could possibly get to and never get married to an idea Short/Long unless we are in at the very bottom or top.
Happy trading everyone!
However, even though they occurred in 2014 - there are some juicy red vector(manipulation) candles all the way up to $107 with the next (Red Vector) body and wick top being 88.63 and 90.7 respectively, this is something any and every "Bear" has to bear in mind. Excuse the pun.
Because as we know by now, every manipulation candle needs to be recovered no matter how long the cycle is.
So if we see Oil being crazy like pretty much the whole of 2021, we need to spare a thought for where it could possibly get to and never get married to an idea Short/Long unless we are in at the very bottom or top.
Happy trading everyone!
