Monday, April 4, 2016

Selling the breakout failure on Crude Oil Futures; SchoolOfTrade.com



Today we had Crude Oil pushing higher but forming an Ascending Wedge pattern and seeing the buyers try to push VERY aggressively through the highs only to see them fail immediately back lower again.

That is a HUGE red flag for the buyers and as they exit, I want to be entering shorts to drive the market aggressively down for a breakout lower seeing the high side failure!

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