oil update this is getting very close now to this area, just a waiting game now but this could have a some really good movement, either wait for the first impulse and then catch the correction or take a risk entry on the 3rd touch on the trend line has traders will start to sell at that point but we wanna buy
Trade active:
now oil is now at this level that big push now will create fear in traders now this could still push a little bit lower and pull back into the pattern or will will push from this level now lets see whats happens now. you can wait for more conformation by waiting for the first impulsive push up then catch the counter trend IE flag
Comment:
lets see if this pulls back into the pattern if not then this is an invalid trade i will keep you posted, fundamentals could be a roll with this trade