2-Step Reversal Setting Up On Crude Oil

Crude Oil Futures:

– We bought the lows on crude oil at 73.17 and and took profit at 73.50 for a nice winner on the long side.

– We then tried to take the breaker long above 73.80 but momentum and price action made it impossible to hold the trade so I exited for a scratch.

– Now we look to sell the highs with a 2-step reversal pattern below the trigger line at 60’s

– First target of 55 (1/2) is from the next level of previous resistance, 2nd target of 35 (1/4) and then final target all the way down to the big round number of 73.05 (1/4)

Crude 13 Range