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Traders,
Dont feel sorry if you just miss the 7% drop of USOIL yesterday . Me too. HEHE!!!
That long red sharp down candlestick is now giving us a sec to think about what it going to happen next.
The red channel is still valid, but we are not following that trend for now. We use it to find out the short trade targets. And use last red bar to find out an entry . Still we can see 531pips ahead is possible for a short trade to hunt.
Less is more!