Crude oil provided nice re-entry at prior POC levels
Although a market usually corrects around the 50% level it is not an exacty entry price.
A better re-entry price is a prior POC (point of control) and an even better price is the POC of a blue pin bar.
As you can see on the chart, there are very few blue pin bars but they all marked perfect re-entry points at their POCs.
This method works not just on crude oil but S&P and many other market.
The benefit of tradingview is that you get the vpsv (session volume) indicator and other indicators like the price action bars for free.
A better re-entry price is a prior POC (point of control) and an even better price is the POC of a blue pin bar.
As you can see on the chart, there are very few blue pin bars but they all marked perfect re-entry points at their POCs.
This method works not just on crude oil but S&P and many other market.
The benefit of tradingview is that you get the vpsv (session volume) indicator and other indicators like the price action bars for free.