Crude - Doomed? ...what's doomed?
I have some Credit-Spreads on the D. TF and price of CL. is very near at my short strike (50).
Unfortunately this week are some news events about CL.
So I decided to go lower in TF to see what's going on and I found this.
We have a Sine Wave going on in the 480mins.
As of my last postings, you can see that they show up allover the place in any market and any timeframe.
(Sine Waves are a function of Action/Reaction, but I'm still not 100% understand the physics behind it because I'm just a Chart-Nerd and not a physician.)
The Chart is self explanatory.
As for now I will hold my BearCallSpread and preparing to take action if necessary.
Cheers.
Unfortunately this week are some news events about CL.
So I decided to go lower in TF to see what's going on and I found this.
We have a Sine Wave going on in the 480mins.
As of my last postings, you can see that they show up allover the place in any market and any timeframe.
(Sine Waves are a function of Action/Reaction, but I'm still not 100% understand the physics behind it because I'm just a Chart-Nerd and not a physician.)
The Chart is self explanatory.
As for now I will hold my BearCallSpread and preparing to take action if necessary.
Cheers.
Trade closed: target reached
Click the arrow on the right in the chart an be surprised §8-)
This is Action/Reaction I trade with.
Like it too?
Learn it!