See previous publication for full analysis.
Notice reduced volume rally after spring - typical accumulation volume signature.
Entered long now.
TP will be dynamic and not fixed. Just placed it at 1.3210 for the time being as a rough guide of 3 x trading range.
SL is actually just at the swing low after leaving Phase C spring.
Forgot to label that we are now in Phase D.
Notice reduced volume rally after spring - typical accumulation volume signature.
Entered long now.
TP will be dynamic and not fixed. Just placed it at 1.3210 for the time being as a rough guide of 3 x trading range.
SL is actually just at the swing low after leaving Phase C spring.
Forgot to label that we are now in Phase D.
Comment:
Comment:
Potential markup channel found as shown above by using trend gradient from spring copied over to top of peak before decline to spring. Time will tell if this holds.
See previous WTI analysis for how this works out of a range if you'd like an example.
See previous WTI analysis for how this works out of a range if you'd like an example.
Comment:
As noted on publication, SL is lower than it appears on chart and has not been hit.