Multiple rejections at R2 on 1H as marked, however price bounced back from the R1 pivot.
It seems traders are trying to hold price in anticipation of the EIA data tomorrow.
Personally I feel R3 will be hit, but I would trade cautiously, if you're like me and missed the move. Wait for confirmations, don't just jump in.
NFA
It seems traders are trying to hold price in anticipation of the EIA data tomorrow.
Personally I feel R3 will be hit, but I would trade cautiously, if you're like me and missed the move. Wait for confirmations, don't just jump in.
NFA
Note
Looks like the R3 was on the cards. If anyone caught the move, Brilliant!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.