NYMEX:CL1!   Light Crude Oil Futures
12.5.21 I hesitate to upload this video. It is not a trade video. Markets the trend a lot lower to support but have a couple of bear flags or a three drive pattern, which is a reversal pattern, are likely to move higher. The market is already five points off the best entry, so were really too late for the long trade. The reason why I bring this up is that in earlier stages of my trading, I would be frustrated when the market would make very shallow reversals and then continue going lower when I'm trying to be a buyer, but this is how they reverse much of the time. This is more about how the market finds buyers but they get stopped out a couple of times and that this is when a market is likely to reverse when it is actually made a new low. Just think about it a little bit and let's see what happens.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.