theforexguy
Long

Bulls rejected lower prices on Brent Crude - Time to buy?

ICEEUR:CB1!   Brent Crude Oil
Crude oil             tested a critical support level on the daily chart last session. This market has experienced such an aggressive sell off, it has forced price to accelerate away from its mean value - leaving that mean to price gap.

Generally when these gaps occur, the market likes to 'sling back' and fill the gap between mean and price which is knows as the 'elastic band effect'.

There is also a large bullish rejection candle off a strong support level which compounds the value of this trade idea.
Ups....
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out