Wednesday, February 24, 2016

Buying the Breakout Pullback On The Wedge Pattern Crude Oil Futures;

Buying the Wedge Pattern Breakout Retest bounce allowed us to pick up a HUGE profit of 221 ticks this morning!

In today's video we see the Crude Oil Futures breaking out of the descending wedge pattern and retesting it for proof.

This gave us an opportunity to buy the bounce back up with a VERY small stop and pull in $2,210 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. Descending Wedge Patterns can get you into some beautiful setups and the fact that this one gave us the chance to get into the trade with a 6 tick stop was almost too good to be true!

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