This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
In this video update, we take a look at WTI OIL as the market printed a bearish doji candle.
This could show us a sign that the market phase 1 is slowing down and could be forming
a phase 2 correction. We are looking for the price to break the daily lows on the hourly chart
for short trades on the re-test of the lows. Targets will be $60.00 and previous structure...