June 2, 2016
- in Uncategorized by schooloftrade
Price Action Trading The Descending Wedge On Crude Oil Futures; SchoolOfTrade.com
Today we see Crude Oil grinding lower after the HUGE run higher earlier in the EU session. This drop lower was likely initially profit taking that got a bit carried away and began going into a trend reversal in the form of a descending wedge pattern.
This descending wedge gave us clues that the buyers were completely falling apart and losing their grip with the bears showing VERY large formations for the breakout run down to finish the move off!
===========================================================
Test-Drive our Advanced Membership Click here to register for the Free Trial!
Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier trade-room as an Advanced Member
