Tuesday, December 2, 2014

Price Action Trading The Pennant Pattern On Crude Oil Futures; SchoolOfTrade.com

Buying the Pennant Pattern break on Crude Oil allowed us to bank a gorgeous 148 ticks this morning!

In today's video we see Crude Oil forming a Pennant after a nice drop lower just under the morning range.

This gave us an opportunity to buy a break of the pattern and bank a solid $1,480 on the trade with only 2 contracts!

We use a simple trading strategy that can be used on ALL markets! When you learn these simple strategies you will be able to make profits on any market you wish to trade, from Futures to Stocks and everything in between.

Pennants are VERY nice patterns to keep an eye on and when they hold true like this one where they form very tight and only break when they mean to, you can get a whopper of a trade off and today is a gorgeous example of that!

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