Darvas Box Oil Technical Analysis and Darvas Box Trading Signals
Developed by Nicolas Darvas
Nicolas Darvas is a famous trader who made 2 million dollars trading the stocks market. Darvas started with an account of 10,000 dollars and made a profit of over 2 million dollars.
This is one of the trading methodologies which Darvas combined to form his stocks oil system. Along with this technique he made accurate trading decisions.
Darvas Box
Oil Technical Analysis & Generating Crude Trading Signals
This technique is used to generate oil signals based on a simple breakout strategy of the Darvas Box lines.
Bullish Trading Signal
If the crude oil price on a oil chart breaks out at the top box line , then this is a bullish signal
Bearish Crude Trading Signal
If the crude oil price on a oil chart breaks out to the lower line, then this is a bearish trading signal.
The example shown below shows a bearish signal generated from the Darvas Box Crude Oil Indicator.
Break-Out - Bearish Signal