Monday, September 26, 2016

Day Trading Crude Oil Futures Pennant Pattern Support; SchoolOfTrade.com



Coming in today to find Crude Oil working higher in the overnight session with bulls owning the market and not allowing the sellers to achieve anything. Buyers haven't had a chance to really get in on clear signaling so a small bounce after a bear trap is a GREAT place to do it!

The spike higher led into a pennant pattern which allowed buyers to support the low and defend the pullback where they swept in and slammed the market higher off the bear trap failure to get movement back down again.


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