WTI is showing solid signs that we could be moving into a bullish market in the current trading week.
We have already executed longs and have added to them, our take profit levels are already listed and we will determine based on short-term price action which level will be our profit target. Since we will compound the possible upside we might be getting out sooner as our profit could drastically increase due to compounding.
If we take into account price action, you will see that we have already formed a higher high and a higher low, while right now we are stuck in a little range, volume is increasing on WTI which suggest a move is coming today.
We are long until proven wrong.
We have already executed longs and have added to them, our take profit levels are already listed and we will determine based on short-term price action which level will be our profit target. Since we will compound the possible upside we might be getting out sooner as our profit could drastically increase due to compounding.
If we take into account price action, you will see that we have already formed a higher high and a higher low, while right now we are stuck in a little range, volume is increasing on WTI which suggest a move is coming today.
We are long until proven wrong.
Comment:
Comment:
TP#1 was smashed. As day traders this means we are done with trading here for now, but since volume remains high on WTI we will bring it back into our watchlist tomorrow and day trade some more!
Comment:
We're going for 161.8% from today again