After our short signal on the chart we are not showing signs of slowing and congestion...
and some stats and timing that say at very least scale 1 out... if you are short...
Oil long Fib Grid -f76% to -88% range 125%+
reversal at low if we break above -f76% on the fib grid 100...
this is a sticking the neck out trade - pre-empting a green candle above the -f76%
If not 99.58 to 90.0 is next support
lets see what happens.. time is also a factor here. The important thing is to be aware of certain patterns that can be profitable - which might just end up in sideways chop here....
ie the bounce of break of a level... note how price does hit theses and bounce or break -quite a lot... and whats more the levels are projected at the start of the session!
and some stats and timing that say at very least scale 1 out... if you are short...
Oil long Fib Grid -f76% to -88% range 125%+
reversal at low if we break above -f76% on the fib grid 100...
this is a sticking the neck out trade - pre-empting a green candle above the -f76%
If not 99.58 to 90.0 is next support
lets see what happens.. time is also a factor here. The important thing is to be aware of certain patterns that can be profitable - which might just end up in sideways chop here....
ie the bounce of break of a level... note how price does hit theses and bounce or break -quite a lot... and whats more the levels are projected at the start of the session!
