Oil prints this great weekly candle, which suggests that price is going to revert back into Value, and deems the excessively high oil prices as a tad overpriced, which is great. We have this big weekly pin inside the range of the previous candle, and typically these produce some great trades as the bearish pressure starts to build, we can look to aim for three trade points from here. Enjoy.
Note
Note
The ART of the fade, by ZenFloNote
What a trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.