Three Phases Day Trading Crude Oil Inventories on Wednesdays

-          3 personalities on Wednesday Crude Oil

o    Wednesdays bring 1030am inventory news

o    We have 3 basic phases that CL goes through

§  Before the News:  745-1000

§  During the News:  1000-1035

§  After the News: 1035-1230pm EST

-         

-          When do we use the FAILURE of a pattern?

-          Candlestick Patterns

Global Drawing Objects:

-          Make sure you correct your trend lines using your 13range chart (something faster than the chart you drew them the first time)