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Fuel price speculation.
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jpartner
Posted 10/22/2014 11:11 (#4139751 - in reply to #4139725)
Subject: RE:Jpartner, c-xr-1, Fishguts2, questions.


maydel - 10/22/2014 09:37

J,

Does the bottom black line make a good target though?


Hi Maydel,
For me if the energy is not available here to stick a major pivot, we will likely trade back to the buyers. To me this formation is the price action between a B and C pivots and is commonly found on the first controlling swing bring made upon the breaking of a downtrend.
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