NYMEX:CLZ2020   CRUDE OIL FUTURES (DEC 2020)
10.19.20 I'm using the oil chart to show how to compare and contrast behaviors on a chart. Range boxes are a way of realistically evaluating where the buyers and sellers are, and if the range box has a broader depth to it and you have more distance between the buyers and sellers you can see this. If the range box is in the middle of a large controlling swing, this can affect your decision-making as a buyer and a seller if you recognize this relationship. If one price bar has a dramatic appearance, this too can affect your opinion about the market. Sometimes a dramatic move on a price bar can dramatically affect your trading, but if you don't recognize the dominant behavior of a market that may be much more compelling than that single price bar, you could lose a lot of money reacting to sudden price actions without putting them into the proper perspective.

Comments

Great, thanks for sharing !
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