Tuesday, July 19, 2016

Price Action Trading The Market Mistake On Crude Oil Futures; SchoolOfTrade.com

We came in today to find Crude Oil in what we would call a multiple trend type day. This means that, although we can have a strong trend in one direction, it can be taken down and pushed in the opposite direction with just as much strength.

We had a great sign of failure from the buyers at the highs of a move on market mistake movement which slammed right back down allowing the sellers to begin their descent lower into a bear trend working down to the lows of the day!

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