Wednesday, September 23, 2015

Crude Oil Futures Day Trading Strategy Review - Selling wedge highs on a 2S

Crude 1000V
Crude Oil formed a wedge on the day with price getting tighter and tighter which we found price at the highs of.

This high test came on the backs of a 2S to push price right back off supporting further wedging.

This setup gave a potential move of 10, 21, and 15 ticks on the last portion with the lack of follow through lower.

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