Built by Traders, for Traders

stock trading instructors traders agency

Looking for a Long Idea on CL

Looking for Long Idea on CL by JoshuaMartinez on TradingView.com

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.