Examples of How to Know When a Oil Down Trend is Starting
Course: Steps to Identify a Starting Downwards Oil Trend with Oil Examples
Example of How to Know When a Oil Down Trend is Starting - When Does a Oil Downward Oil Trend Start
The oil trend is your friend. Is a popular saying among oil traders because you should never go against the oil trend when trading crude oil. This is most reliable method to trade Oil because once crude oil prices begin to move in one direction they can continue to move in that particular direction for quite some time – therefore using this oil trend trading technique presents opportunity to make profits from the Oil market.
Principles of How to Draw Downwards Oil Trend Lines
Use candlestick oil charts to draw oil trend lines
- The points used to draw the oil trend line – downwards oil trend line are along the highs of the crude crude oil price bars in a bearish crude oil trading market. A downward bearish oil trend is defined by lower highs and lower lows.
- The points used to draw the oil trend lines are extremes points - the high crude crude oil price. These extreme crude crude oil price points are important because a crude oil price close beyond the extreme tells traders the oil down trend of oil might be changing. This is an exit oil signal.
- The more often a downwards oil trend line is hit but not broken, the more powerful its oil downwards trend signal.
