Wednesday, March 4, 2015

WAVE Pattern Trading Crude Oil Futures; SchoolOfTrade.com



Selling the WAVE Pattern short this morning after Head and Shoulders Pattern confirmation allowed us to pick up a solid 86 ticks this morning!

In today's video we see Crude Oil reversing off of its highs and forming 123 reversal pattern short.

This gave us an opportunity to sell the Trigger Zone retest and put away a cool $860 on the trade!



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Sometimes you get WAVE Patterns, or any pattern for that matter, that just don't look quite good enough. Usually when this happens you just need to wait for another level of confirmation which is exactly what we saw today with a Head and Shoulders Pattern followup to the WAVE Patter Short!


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