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mxb1961
Feb 28, 2024 1:57 AM

A Renko Trading Strategy - A Look at a Chart Education

Crude Oil FuturesNYMEX

Description

This is a current view of CL and some details on the consolidation that is showing up on the 50 and 25 tick charts. February resistance levels are getting tested again. The 10-tick short-term chart has shown some strength but now showing divergence as price hits the larger blocks resistance levels.

10-tick chart



25-tick chart



50-tick chart


Comments
mxb1961
Could be showing a breakout to the upside.
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