If you believe the weekly trend has turned higher on Crude then one way to play the higher time frame trade is with The BoT. Here we ought to be long currently from 100.83 with stops still at 97.34. Should we hit 104.33 we can then move our stop to just under our original entry. Lets see if the current bull rally can hit that level. Regardless, that bullish ab=cd...
Here is a really nice example of the BoT in action. Price had been basing through the overnight session as a wide double bottom was confirmed through the pre-pit open. That bottom setup long ideas and sure enough the BoT came alive when prices corrected to 103.26. I watched price action closely and was very fortunate to act when given the opportunity (wtg Brian). ...