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| Yep agree with yous guys-3 HUGE bars up and then NOW WHAT????-The definition of a bear market-The daily chart formation could be defined as either a bull pennant-Or a triangle=Volatility collapse-As always-Odds favor a breakout of the flat side of the formation-BUTTT-Crude expresses its self well in its spreads-X/H caught fire today-See below-Confirmed by volume-That said-Don't think its ready to do the bust just yet-But oscillator is buried into overbought status on the spread-Bottom line on a trade -On a trade below 43.90 on the X crude-Will sell the x/h spread as I feel it offers better risk/reward-Than the underlying-Ps 555 Nice trade on the long crude here a while back-If I remember right ya took a few bucks in a few hours-And had the discipline to take the windfall=NICE JOB-You now have those profits to apply to your next trading adventure!
Edited by Fishguts2 9/15/2015 00:08
 (x crude.jpg)
 (x-h crude spread.jpg)
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 x crude.jpg (73KB - 50 downloads)
x-h crude spread.jpg (74KB - 41 downloads)
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Crude
