some thoughts on oil and one important trading logic to share:

some thoughts on oil
and one important trading logic to share:

Guys, Today I receive a msg from one of the follower
"sir, any forecast on oil now?"

then i draw this chart to him:
1. Oil is in a tri-angle right now, lower highs and equal lows.
2. 48.00 is strong resistance structure
3. 46.50 is strong support stucture.

problem: price is right in the middle!
it can go up or can go down and your risk is not small at all.

Conclusion:
Do not Trade Oil at this moment, which means:
Have some rest!
here is the sharing part:
Traders, how many times you feel that you have to do
something?
how many times you think you got itchy finger?
Please take note:
If there is no much trading opportunity,
DO NOT FORCE TO TRADE.

wait paitiently for the price to react at thoese
important structure and you will have a clearer
trading plan by then.

Good night! Wish you a happy trading life!
Plan your trade, trade your plan!
Always here to share,
yours sincerely:
Jack ( tntsunrise)

Comment:

Comment:

Guys, did u catch this short trade?

Comment:

Oil continue to drop
For thoese who has viewd my charts
and get the short trade ,you can consider to take profit now