Darvas Box Oil Trading Technical Analysis & Darvas Box Trading Signals
Developed by Nicolas Darvas
Nicolas Darvas is a famous trader who made 2 million dollars trading the stocks market. Darvas started with an account of 10,000 dollars and made a profit of over 2 million dollars.
This is one of the trading techniques that Darvas combined to form his stocks crude oil trading system. Along with this methodology he made accurate trading decisions.
Darvas Box
Oil Trading Technical Analysis & How to Generate Trading Signals
This trading method is used to generate oil trading signals based on a simple break-out strategy of the Darvas Box lines.
Bullish Trading Signal
If the crude oil price on a oil chart breaks out at the top box line , then this is a bullish signal
Bearish Trading Signal
If the crude oil price on a oil chart breaks out to the lower line, then this is a bearish trading signal.
The example explained below shows a bearish signal generated from the Darvas Box Oil Indicator.
Breakout - Bearish Signal