Last week, crude oil price followed exactly as we have analyzed. The t1-l1 has ended, now it’s entering the longest wave of the million-dollar-pattern l1-t2.
When the price shifts into the longest wave, it will directly affect our strategies. Instead of waiting for a recovery at lower and ideal technical levels, we will distribute orders around the convergence zone of 72.5 (which is a relatively high price level close to the previous peak).
We will then follow the trend, towards the nearest zone at 78.0.
An effective order distribution method is to break down your size and spread it from 72.5 to higher price levels. This approach helps you seize great opportunities and reduces the risk of potential losses. As a result, it can lead to significant achievements!
Wishing investors smart and effective strategies! Stay tuned for the next crude oil price updates.
By. Pham Thanh Bien
