Monday, May 16, 2016

Price Action Trading The Sell Trap On Crude Oil Futures;

Today we see a VERY strong bull move up and holding most of the morning. This means there will be counter trend traders that are trying to get sell moves going and there will be traps to allow buyers to continue the trend back up.

We saw this in the form of a swing low trap into immediate buying pressure right back up forcing any sellers who took the short to get stopped out which further fuels the move higher!

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