The CL daily time frame is near a low price hitting the long term up trend line.
If support holds, it is expected the market will push bullish above the short term down trend line entering into the buy zone.
Once or if the market breaks and closes above the short term down trend line and enters into the buy zone, it will be a good idea to apply an up Fibonacci to find the next bullish Fibonacci price target.
Then, we can turn to the one hour time frame to look for low prices in the buy zone.
Until then, it is better to be out of the market wishing to be in than to be in the market wishing to be out.
THIS MATERIAL IS OFFERED FOR EDUCATIONAL AND GENERAL INFORMATIONAL PURPOSES ONLY. NO INVESTMENT ADVICE OFFERED.
This is an advertisement for online information courses, workshops, classes and other educational programs relating to finance and investing. It is not an advertisement for investment advice. Pursuant to FTC regulations and federal law, Traders Agency, LLC intends for the information in this advertisement to be truthful and not misleading. Accordingly, any and all readers of this advertisement (this means you) are fully informed that none of the information, material, or courses that Traders Agency, LLC offers constitute investment advice as defined by the SEC and by federal law. These materials do not take into account a subscriber’s (this means your) particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation (this means to you) for the purchase or sale of any security or investment strategy.
Under SEC regulations and federal law, the purchase, sale, or advice regarding any security, other financial instrument or system can only be performed by a registered/licensed industry representative such as, but not limited to, a registered investment advisor. It is very important todo your own analysis before making any investment based on your own personal circumstances.
Investing involves substantial risk and results are not guaranteed.
Neither Traders Agency, LLC nor its principals or affiliates are registered investment, legal, or tax advisors or broker/dealers.
Traders Agency, LLC is not registered with the SEC or licensed as an investment adviser. We do not offer investment or financial advice. Individual subscribers (this means you) are solely responsible for confirming the accuracy and appropriateness of the provided information for their own uses with their personal tax, finance, or legal advisor.
INVESTING INVOLVES RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. RESULTS ARE NOT GUARANTEED.