OIL

12. 27. 22 The market made a new high today and then it corrected to support area. I think it was important to reflect on the differences of today's price action versus yesterday's price action. Yesterday was more of a trend like behavior, and today was a rangy behavior. For the most part looking at 6 bars and defining it as range is much more accurate is then any one bar. The market is at support because it's mostly a trending market higher and a retest of the gap higher. I spent time on the video defining a difficult trade because this is the kind of market that can Easley correct lower even though it's holding at support. In other words, it's hard to see the edge did favors the long trade at this point. So I would probably just follow the market, but not take the trade. If I were awake and something or the next far give me a signal, maybe I could make the trade decision at that time, but I'd rather just walk away from an unclear point of view when I would actually need more bullish price action before I could take along trade. Also, I'm not sure if the Market's going to break lower at this point. It takes more work to look at the market this way, and there will be more lost opportunity, but there will be fewer losing trades, and that is important to me.