CL Redux

[tomahawk]

Overall markets weakening as well.

 

[Laissez Faire]

Quote from Laissez Faire:

But I`m wary of this two tick higher low here in relation to the morning low.

Those higher lows usually means something.

But is it a bottom or THE bottom? As long as we`re stuck in this range, I`m not convinced of either.

 

[Laissez Faire]

I`ve taken a few scalps this morning, but right now I don`t have conviction to enter anything.

With a 64 cent range, I`m thinking a breakout a could offer a good swing either way if we can get some continuation.

 

[tomahawk]

Quote from Laissez Faire:

Hopefully just a bump in the road, but I`ve seen the market bottom out on those plenty of times.

Yeah, I suppose the swing traders who shorted the breakdown can't get away without taking some punishment. Good call.

 

[tomahawk]

Quote from Laissez Faire:

Hopefully just a bump in the road, but I`ve seen the market bottom out on those plenty of times.

2-tick HL possibly just to lower the bar for the top of the flag.

 

[Laissez Faire]

Quote from tomahawk:

2-tick HL possibly just to lower the bar for the top of the flag.

Yeah.

That could be. Honestly not getting a very good read on this market today.

If someone held a gun against my head, I would probably say range expansion to the upside from here, but I think it would be better to flip a coin.

 

[tomahawk]

94.50 is the line in the sand IMO. I'm thinking 95.17 wants to be tested if it breaks out. (updated previous chart) ...

 

[ammo]

we filled the cleavage, good spot for a pause,support, bounce ,least likely scenario is fail of the 1st 3

 

[Laissez Faire]

Needs to make new highs now or it will start looking like a mini head and shoulders here.

Nice chart, guys.

 

[ammo]

meanwhile the dollar hasn't reached res and the eur usd hasnt reached supp