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Derek Frazier shares and explains his ideas and process of decision making behind cyclitecnical trading. Please like and comment.
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buy 89.00
stop 88.00
there is a 5 day low starting on or before price moves over 89.50, but 89.00 is better trade location
could be too early
move to 92.00
Crude $CL trade idea
22aug22 0905 cst The trade moved from 89.00 to 91.00 over 4 hours of trading, which is sufficient. ALthough the atraget of 92.00 was not achieved, the trader can see the trade was good