In case you wanted to see how we called the morning short squeeze in Crude Oil, you’re in luck! Our Premium Members asked me to make this video available for replay at the Dashboard, but I also thought it would be nice for everyone to be able to see the types of analysis we use to identify certain moves in the market.
From the PivotBoss Premium Trading Room on February 12, 2016, we forecast the day’s upside price targets in Crude Oil, and use the Footprint to confirm the short squeeze into our forecasted targets.
From the PivotBoss Premium Trading Room on February 10, 2016, we use the Footprint Chart to identify a short squeeze in Crude Oil after it failed to establish acceptance below the previous month’s low price.
Bears defended the 93.30 resistance level for two days, causing buy stops to build above it. The bulls ran these stops, using them as fuel to reach the upside expansion targets, which were derived from the pre-mkt range.
Provides real-time analysis given by Frank Ochoa, aka PivotBoss, in the MrTopStep IM Pro trading room illustrating what happens when large sell imbalances fail to take VPOC offered. The result is a beautiful short squeeze.
