There was an other directional trade today in OIL today: An opening above 6390 would imply the directional change would be a rally, a close above 6424 would warn of a rally until the next turning point.
I missed it because by the time I checked the market this morning (Central europe) price had already moved 2.5%!
That´s 8/8 so far.
Excellent work! Question: How often does the open retrace back to the price point it gives? And does it retrace more often if there is a bigger distance from the opening? And if it does retrace to re-test that point, how much and how often does it 'overshoot'? Eagle, what are your thoughts on this strategy?