Built by Traders, for Traders

CL Daily Up Trend

CL Daily up Trend by JoshuaMartinez on TradingView.com

The CL daily time frame broke the short term down trend line and has entered into the buy zone.

The market has an up Fibonacci with an extension price point 104.39, about +1,909 ticks above the market.

As long as the market stays in the buy zone above the short term down trend line, it will be a good idea to turn to the one hour time frame and to look for low prices in the buy zone.