USO / CL - Bullish price action buy signal from key support
**Market Structure**
*Market has been making higher highs
*Large rejection off of the key support zone of $67 - $66.40
*Intra-day pattern is a 2 bar reversal, daily is a bullish pinbar
**Trading Ideas**
*Go long at an upper break of the pattern for a less aggressive entry ($68) or enter long on a pullback for a more aggressive entry($67-$66.80)
*IV rank in oil is still very high so either get long by selling puts to collect on both direction and premium, or simply get long via /CL or USO
*Market has been making higher highs
*Large rejection off of the key support zone of $67 - $66.40
*Intra-day pattern is a 2 bar reversal, daily is a bullish pinbar
**Trading Ideas**
*Go long at an upper break of the pattern for a less aggressive entry ($68) or enter long on a pullback for a more aggressive entry($67-$66.80)
*IV rank in oil is still very high so either get long by selling puts to collect on both direction and premium, or simply get long via /CL or USO
Dad of 5 • Dev • Candlestick Whisperer • Crypto class of 2019
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Dad of 5 • Dev • Candlestick Whisperer • Crypto class of 2019
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.