The smaller Cypher pattern on the H1 that i posted yesterday got invalid this morning, because price went past the C leg and it did not retrace enough to hit our entry.
So here we got the bigger pattern where we expect price to slow down and possible return within our zone between Entry and stop. Stop is placed just above the last resistance point so it should...
Crude (12.9.2014) fall sharply in last few weeks & reach to the $90 sociological level.
Now crude is trading around $92.40 & the bounce $90 mark is well supported by many factors like 261.8% feb ret. , a lower tradeline of descending channel as well as a very strong positive divergence. All this together providing a buying opportunity at current level.
On...