Monday, April 18, 2016

Price Action Trading The Spike And Channel Pattern On Crude Oil Futures;

Today we had a HUGE run higher after the monster gap over the weekend. This move down was stopped in its tracks early in the session on Sunday with buyers picking up the low price the entire way.

This turned into a huge seller failure forming the Spike and Channel allowing us to look for a further move back up towards the highs into areas of resistance above!

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