ForceFollower
Long

West Texas Oil: A Potential Climb Up The Fork

OANDA:WTICOUSD   West Texas Oil
Price's highs and lows seem to be clinging nicely to this fork, so I find it likely to be followed. Target? Either at the Median Line or even higher, Ret-9%, MLH or even at the level of $50.
Risk management: make sure you treat every trade like an idea that can fail. A too strong opinion may make you take too much risk.
Too short time frame for technical analysis like this?
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ForceFollower Like2Move
@Like2Move, Yes, indeed. You are right. The prevailing downtrend was a key factor that should have been included here.
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