Tuesday, June 7, 2016

Market Psychology Of A Trend Failure Into Range On Crude Oil Futures; SchoolOfTrade.com



We start the morning off with a beautiful push higher on the gap up leading into a profit taking move back down towards the huge $50 level where we are likely going to see buyers attempt to re-enter for a move back up again.

This ended up turning the day into a flat more range bound environment so we needed to shift gears in how to approach the market and look to buy low and sell high and assume breakouts will fail!

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