Tuesday, August 30, 2016

Price Action Trading The Crude Oil Futures Breakout; SchoolOfTrade.com

Today we open up with a VERY slow morning session coming off the the 47.29 area of gap resistance over the weekend being filled. This formed a blatant range that the sellers slammed lower out of with HUGE bear strength.

This gave clues that bears were looking for more than just a push down to buy, they see blood in the water and they are going HARD. Objectives on a weekend gap fill like that are usually back to the lows or highs it made prior to the fill and it worked out perfectly!

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