Monday, February 22, 2016

Buying the Breakout Retest Of The Ascending Wedge On Crude Oil Futures;

Buying the breakout retest of the Ascending Wedge Pattern gave us a gorgeous move up for 140 ticks this morning!

In today's video we see the Crude Oil Futures coming back to retest the highs of the earlier Ascending Wedge Pattern and bouncing.

This gave us an opportunity to buy the strong bounce up for $1,400 on the trade 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. Ascending Wedge Patterns can give you some phenomenal setups. Missed the initial breakout move? Buy the pullback! We had a great example of that in this one and it just goes to show you, you are almost never late to the party on Crude Oil!

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