Tuesday, August 2, 2016

Market Psychology Of A Breakout Morning On Crude Oil Futures; SchoolOfTrade.com4

We came in today to see a descent gap higher in price from Monday's close which led into a massive bear selling candle. The bears never achieved continuation though which meant that, if they were still interested, they will likely want to sell at the highs rather than right here.

This allowed the sellers to wait for a very nice 1:1 move back up from the morning drive where they were able to sell once again and slam the market lower and NEVER look back!

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