Also, here's an update to the price action on the Crude Light futures chart I posted about a week ag0.
As can easily be seen, price continues to respect the lines quite beautifully.
Firstly price was breaking down, it sliced down through the potential support lines, then came back up each time to test the strength of the breakdown...before continuing lower.......and so on.......
Then as price attempted to recover after finding a (temporary ??) low, it pushed up through resistance, with only shallow pull backs initially, after that it came back each time and tested (and re-tested) the strength of the support.......before moving higher.......
View attachment 138457
cheers
