Monday, August 8, 2016

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



We open up the week with a very nice gap higher leading into a bear attempt failure for a morning reversal into a VERY strong trend day pushing higher. This gives us clues that we need to be buyers on the way up for almost any reason.

The important thing to note is the day type and stick with it. The bulls owned the market today so DO NOT SELL. Every sell attempt failed on the rise higher so instead of trying to pick the top and sell, buy the failures right along the way!

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