Tuesday, October 20, 2015

Price Action Buying the Pennant Formation On Crude Oil Futures; SchoolOfTrade.com

Buying the Pennant Pattern Long on Crude Oil allowed us to pick up a fast and easy 88 ticks this morning!

In today's video we see the Crude Oil ripping to the highs of the range and forming a Pennant Pattern Long.

This gave us an opportunity to buy the breakout for $880 in under 10 minutes with only 4 contracts!

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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. We have a range day formation overall with the sellers failing to prove they are interested making the Pennant Pattern long a PERFECT spot for sellers to accumulate the highs while also allowing the buyers to sweep in for a move up!

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