Crude - we have posted yesterday.....it has never closed below our level and moved sharply up...
You know why ?
Read the Chart.....
31st August 2015 - big candle - shorts are trapped and converted into long...same traders trapped by long and 1st September 2015..candle narrowed down....wrong traders thrown out of the trade...both side stop loss hit..
Yesterday candle normalised and joined the main trend...
I told wait for 1 day...samething has happened......(go and read all my posts of crude)..
Again nearing to same resistance.....
Almost MCX hit the top.....exit and book profit...
Nothing surprise in Crude price move...it is normal move...only patience and homework..
Enjoy...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.