Sunday, December 15, 2013

Some thought about OIL trade, No.3

No.3: When there's a 2-bar reversal candles appear in daily chart, we need to check lower TF for details (check PA at lower TF to see the selling strength/ weakness).

In other words:
We wanna check HOW the second bearish candle formed. Did it compression down, or sold as grand style. To examine the details, it gives us clue to follow pro money's foot prints.

Examples:

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