Had some key Median Line setups these past few cycles in USO.
After two tests of the Mid-line, price returned to and broke down from the Lower Median Line.
The first congestion zone was right around the "Trigger" Line before breaking down further where it now sits at a potential support price (previous swing low).
Pitchforks seem to work really well (in terms of the setups involved) when you have some visible cycles present (non-"trend").
If no bounce from here, then $31-support is in play.
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.
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