microtrends
Short

oil hits 125% range at 92 still short

FX:USOIL   Crude Oil (WTI)
85 0 0
Oil             at 92 levels from the session open breakout
has made almost 125% of the expected market daily range
This is a good place to scale out perhaps if you were short from the 93 zone... at -f100%
the 100% range extension from here is 90.62

Also, possibly this is a reversal point long if we close above -f100% on the fibgrid

The System bias is short

These indicators are available in Charts > Indicators > Market Place Add-ons > MicroTrends
more details of the indicators can be found here: http://www.indicatorfactory.com/tradingview-indicators/
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