In this thread
http://www.traderslaboratory.com/for...html#post33729
I showed that after the move up in crude, a trader should not be surprised to see a move back to the middle of the candle. That level was 107.70. Plotting that level and going to a 15 min chart, you get the following:
Just some simple analysis can yield some nice profits. Of course there is much more to consider. Such as:
- Where and How to Enter
- Where to put a protective stop
- Where to take profits
- How close to Support/Resistance does price need to come