Tuesday, May 24, 2016

Market Psychology Of A Gap Reversal On Crude Oil Futures; SchoolOfTrade.com

We open up with a nice gap higher and buyers from the EOD yesterday wanting to take profit causing a quick move lower to fill the gap. This gap fill was quickly snapped up by the buyers showing price straight back up and trapping in sellers.

Sellers continued to try to sell into the move expecting another leg down and they quickly found out that they were dead wrong in the attempt and exited causing a HUGE run higher on a stop run!

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