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!

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