Reversal Pattern Looks Promising On The Crude 13 Range

We made $900usd on our very first trade on Crude Oil today, and we’re looking for patterns on different timeframes right now..

Crude 13 Range

We’ve watched as the crude oil broke out below the wedge pattern on the 21 and 13 range charts.

We already sold short and made our money exiting the wedge, and now we look to enter long going back up into the wedge.

Looking to buy the lows of the wedge, long above 77.45, and taking profit at 65 (1/2), move stop to entry, and then my 2nd target at 90 is just below the next level of resistance, and then my final target is at the HIGH of the wedge, which is the final destination for this move.

Crude 21 Range

Entry long above 77.72, and take profits at 90 (1/2), then the high of the wedge at 78.10 (1/4), and then final target will be the previous high, breaking out above the wedge at 78.30 (1/4)