Tuesday, April 12, 2016

Buying The Megaphone Pattern On Crude Oil Futures; SchoolOfTrade.com



Today we had a Megaphone Pattern show up on Crude Oil a bit later into the day but the first test of the low wasn't exactly convincing leading to me wait for a better indication which happened a bit later on the gorgeous low bounce.

Once we had the much more obvious bounce back up, sellers quickly exited the move causing a huge spike higher along with news out of OPEC to help with a blow-off through the highs for a gorgeous move up to the highs!

===========================================================
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.