Thursday, July 14, 2016

Market Psychology Of A Pullback Morning On Crude Oil Futures; SchoolOfTrade.com5

This morning we open with a decent gap higher after the large drop from yesterday. There was a strong bounce at the EOD yesterday but that was more likely going to be sellers taking profit, not new buyers.

After seeing the gap higher we knew that, if there were buyers in that EOD rally, they are likely going to take profit causing a push down first that will eventually get bought back up to complete the move higher once again!

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