a significant level of importance. D point of a completion matches this level so i will expect a sharp drop at this level.
At the moment price is consolidating in a pendant so a breakout to the upside will match our PRZ if we measure the lenght of the bottom/top of the pendant.
So for the moment we will wait for price to reach our PRZ and then will take a close look at price action and find if there is a setup that can give us a ratio to open a short position
My trading platform with PEPPERSTONE gives XTIUSD for Oil with a price
slightly different from WTI.
The closing of the 14th is US$50.69 on XTIUSD and US$50.19 on WTI.
So is it correct to say that the decision to short will be based on the
price action on WTI as shown on TV, irrelevant of the XTIUSD price ?