Oil Caution

9.4.23 There needs to be A caution here. I was answering the question on the previous oil video how to deal with an opening price when the market opened. There are clues that the market may go lower especially when the market comes to a measured move where you would expect the reversal and for the market to go lower. The problem with the first assessment Is that I wasn't looking at enough of the chart when I did the previous video. With that information we could find a reason for the market to move actually significantly higher. You don't want to make a mistake that changes your perspective of the market because you missed market behavior in the past that would change your bias because your assessment was incomplete. We added some more lines in a fairly quick fashion and then we'll wait and see what the market does and all of this is pretty much worked out before anything has really happened. One thing that creates a problem about your objectivity as a traitor... Is the propensity to not think like a buyer and a seller even though you're going to take one side of the trade.