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!

===========================================================
Test-Drive our Advanced Membership  Click here to register for the Free Trial!
Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier trade-room as an Advanced Member

No comments:

Post a Comment

Thank you for your comment! Your comment will be reviewed and posted asap, thank you for your patience.