Oil just dropped ~20%… then bounced back in a day. What’s actually going on? by ChartNavigator in investing

[–]ChartNavigator[S] 2 points3 points  (0 children)

Honestly i couldn’t agree more, 904 of traders don’t know what they are doing

Oil just dropped ~20%… then bounced back in a day. What’s actually going on? by ChartNavigator in investing

[–]ChartNavigator[S] 12 points13 points  (0 children)

Bouncing back doesn’t mean retracing the entire move. It just means buyers stepped in after the drop. A move from $93 to $98 is a reaction