/cl continues to drop 105.8
NFLX -4% er
FIRE - 29% premium b/o -- helping FTNT
/tf near 1058 would be top of 1 hour channel.
starting the day in the middle....
advrld - fading down 486+
wedge forming /tf
/tf - dives -- pushing to the 15 min channel. 1051...
10:12 - was a signal break to get long on next p/b -- (TL break + small double bottom)
/tf : So with HOURLY channel now broken...
DOWNTREND HAS STARTED? May be back test -- but now shorting tops ? Major break today.
actually should have been an easy day.
Start with looking for a clear TL on 5 min. candles -- 3rd touch at 9:40 -- and you got the swing selloff until a triple bottom indicates covering -- and midday chop.
Day should be over for fut. traders.
and /tf -- triple bottom and slow climb back to UNCH. -- 38 tick swing.
pays to be patient.
ad flat -- pointless here... opportunity came and went.
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