Technical Analysis: CRUDE OIL NEW HIGHS

NYMEX:CL1!   Light Crude Oil Futures
103 3 2
Wait, you left sideways out!
Hi there,

The sideways movement doesn't really matter because the best entry is on the retest of the support or resistance depending if it's a break down or a break up. The price will eventually kick up or down, you just have to wait.
The blue line actually represents a possibility of some consolidation (sideways movement). When consolidating more people will see that we made a new high and will jump in the train.

Thank you for the feedback.
This really sorts things out for me. We could go up or down, or down then up or up then down. Finally, some clarity!
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