November 16, 2015
- in Uncategorized by schooloftrade
Price Action Trading The Wedge Pattern Breakdown On Crude Oil Futures; SchoolOfTrade.com
Selling the Flag Pattern Breakdown gave us a gorgeous move lower on Crude Oil with the huge selling pressure this morning and 66 ticks on the trade!
In today’s video we see Crude Oil pushing heavily down with a bear Flag Pattern breakdown.
This gave us an opportunity to sell the breakout for $660 on the move lower for a nice easy push down into our targets!
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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. Seeing such a huge reversal from the sellers gives a big clue that they are NOT going to allow price to push up very high and getting a 1 tick trap double top into a Flag Pattern breakout is just candy to a sellers ears!
Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. Seeing such a huge reversal from the sellers gives a big clue that they are NOT going to allow price to push up very high and getting a 1 tick trap double top into a Flag Pattern breakout is just candy to a sellers ears!
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