Oil prices crashed and this created a great opportunity for trading. Why? Volatility. There is a clear divergence between the RSI and volume. In regards to the price, a rising wedge is forming. This indicates that supply is becoming more anxious at this zone. Identified a daily supply zone, and a good looking entry spot with a good reward/risk ratio. Ratio is about 4.3:1.
Jack Swagger (1996) mentioned some benefits to the investor for using charts. Set up entry and target. provides concise price history provides a good sense of market volatility timing tool reflect market behavior that is subject to certain repetitive patterns.
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