On this particular chart, I wont be trading w/ price action. I'm only using the AD. I have spotted a desc. triangle with the AD/Money Flow to 78.00 via the futures short..
AMEX:DRIP is vehicle I may use to enter the short via call side w/ us equities (depending on the opening NY
Previous, I attempted to scalp to the supply zone of $84, cause I saw oil in a bear flag. I exit that trade early. I rather just trade w/ the downtrend in the money further out vs a 1 day scalp
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not sure why the chart didn't post correctly when I published it..
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This is not a 1-2 day trade, but to be played out over the next 2-3 weeks
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if the demand zone fails 81.50 on good volume i'll enter the short closing the short here, and will go long via gush til the trend line resistances, and look to switch back via drip the oil 2x bear (trade carries risk)
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closed the long position a few hours ago. this pop looks like a great short entry. although I rather see a pop to short during NY open. monitoring here