Trading The Trend

I am using the 3 minute chart for direction and trend identification. Today we only saw one trend that I could trade, long as shown on the first chart.

There were short moves on the range bar chart that you could have traded after that but the 3 minute didn't get there until the end of the day.

Patience is a virtue.

So I'm told.

(click on charts to view)

The daily crude oil chart seems to have found support on the 89 EMA (yellow) as it has been on it for 8 days now. It will be interesting to see if it holds or drops down to or through the 144 EMA (blue).

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