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Old 04-14-2008, 01:58 PM
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Re: Crude Oil March 20

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The trade will not fire off until a successful close above resistance with strong volume (to show real money behind the move).
So you are just looking for a close over resistance, not a candle pattern to confirm, correct? If that is the case, then I can see your bullishness. I personally wouldn't just buy if/when it closes over resistance, I would wait for a retest of that resistance, which would then be support, and candle pattern. If you look back, you can see some head fakes.


Last edited by trader273; 04-14-2008 at 02:04 PM.
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