FYI, for the weekly trendline to remain valid they will try to close globex around 8105-10 today. If this doesn't happen then weekly trendline support will be broken if sunday night if cl trades below 8105-10
The part im looking at is they didn't close at the low but .80+ from the low. With the trendline violated cl should breakdown in the following 2weeks. Think back to Thanksgiving
I love CL, but can't bring myself to trade live. And as a lesson to all: If I'd left my 80.95 stop in place instead of moving it to .93, I'd still be in that trade!!!
FYI, for the weekly trendline to remain valid they will try to close globex around 8105-10 today. If this doesn't happen then weekly trendline support will be broken if sunday night if cl trades below 8105-10
From the way I see it, it appears that you fudged the line a bit.
When the two dots are connected, it's the lower of the two trendlines that is the REAL thang.