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OK, now that the bloodshed has taken a breather, the risk now is roughly 96.00 on the low side. If price crosses that my long bias is off. How much I want to risk I don;t know yet. Or f I will even get in again. No need, but from now until 2:30pm should give some good opportunity.
Can you help answer these questions from other members on NexusFi?
The reason for not having an interest in shorting, even as price was below VWAP, is that turn near 95.75 signified a potential W4 bottom. Once it took, shorting was not an option. W2 bottom is around 93.25, highlighted in green.
That puts the preferred W5 target in that yellow chop zone.
Yes, I really enjoy it. I could use a new computer, I found out there is no way I can record a video while trading live without something stronger. But Sierra by itself is great.
I am not sure if I am going with support or resistance in this case. That overhaed area was very congested, but price did stop right at the downward trendline, but the current intermediate trend remains up. Crude pushed right through the preferred W4 turning point, but that does not make it "over".
On a slightly closer view, 120m, I am still interested at several points, but tomorrow may show a different story.