Wednesday, May 11, 2016

Price Action Trading The Buyer Failure On Crude Oil Futures; SchoolOfTrade.com



Today we have a HUGE bear rejection of the highs leading into buyers simply exiting because they have tried and tried and tried, and haven't gotten anywhere. This will usually cause a larger spike down as a flood of sell orders hit the market.

This type of move isn't anticipated to go on forever, and usually it is just for a quick move which is exactly what this one gave down lower for a quick and beautiful scalp short!

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