Wednesday, March 30, 2016

Buying the Wedge Pattern Breakout Flag Pattern On Crude Oil Futures;

This morning we saw Crude Oil in a nice push higher off the lows but that led into a wedge formation with the market pausing for a while as it sorts itself out on what it wants to do next. We then had a fake-break of the lows leading into snap failure buying pressure right back up.

This gave us a great opportunity this morning to buy but if you missed that like I did, you had the next setup into a Flag Pattern pullback with a VERY strong breakout higher to buy anyway. Back to back patterns like that are pretty hard to beat when they show up!

Test-Drive our Advanced Membership  Click here to register for the Free Trial!
Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier trade-room as an Advanced Member

No comments:

Post a Comment

Thank you for your comment! Your comment will be reviewed and posted asap, thank you for your patience.