Thursday, June 9, 2016

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



Today we come in on the open with a big gap lower. This gap was after the end of day buyers had huge bullish continuation meaning that there will be buyers exiting initially with losses but other buyers scaling in for a move back up to get out at break even.

This caused a quick drop before turning back higher on a gorgeous long move right back up to get those buyers out around their point of entry before seeing more selling pressure come right back on the table again!

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