crude has given a fabulous upmove in the past few days.
2 possibilities
a) it will start falling
b) after this pullback -current fall - upswing again
I expect case 2
price has taken support of double Doji high - which I expect to act as an important support.
trade plan can be
buy with sl of 22.5 for 1st target 24
2 possibilities
a) it will start falling
b) after this pullback -current fall - upswing again
I expect case 2
price has taken support of double Doji high - which I expect to act as an important support.
trade plan can be
buy with sl of 22.5 for 1st target 24
Comment:
or conservative trader can go long above this swing high with same sl
KA