Monday, January 25, 2016

LEIBOVIT VOLUME REVERSAL TUTORIAL FOR UNITED STATES OIL - OIL - JANUARY 25, 2016

A rising 5/3/3 stochastic for eight days presaged Thursday's Positive Leibovit Volume Reversal in USO which was the buy trigger to jump on to the long side. The Volume Reversal (VR) comes as close to the proverbial 'bell and whistle' at market tops and bottoms and Wednesday may have indeed been the big low.  Not knowing that at VRtrader.com we decided to take the trade with a view to repurchase if the opening gap on Friday is filled this week using Wednesday's low as a stop.

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