Monday, November 23, 2015

Price Action Trading The Wedge Pattern Breakout On Crude Oil Futures;

Buying the Wedge Breakout allowed us to put away a gorgeous 170 ticks this morning on Crude Oil!

In today's video we see Crude Oil Futures rocketing higher on Saudi news this morning creating a Wedge Pattern pullback.

This gave us an opportunity to buy the breakout and even add another on the channel for $1,700 on the trade!

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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. The early  morning news caused a massive spike higher allowing buyers to take a nice profit taking push down and reload on the Wedge Pattern breakout. This also formed a rising bull channel that the market reacted to as well for an add-on to the trade!

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