/CL (crude futures) short trade price target (uptrend line) hit, reversing from short to long for a bounce trade. 60-minute chart below.
CL 60m Nov 9th
Zooming down to the 10-minute time frame, /CL has positive divergences forming between price & the momentum indicators while falling to the 87ish support level, helping to support the case for a bounce trade off the drop to the uptrend line on the longer-term time frames.
CL 10m Nov 9th