February 2, 2016
- in Uncategorized by schooloftrade
Price Action Trading The Wedge Breakout On Crude Oil Futures; SchoolOfTrade.com
Selling the Wedge Pattern Resistance gave us a trade back down for 190 ticks this morning for gorgeous bear rejection!
In today’s video we see Crude Oil Futures coming back to retest the earlier Wedge Pattern breakdown with strong rejection.
This gave us an opportunity to sell the rejection right back down again for $1,900 on the trade with only 4 contracts!
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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. Wedge Patterns are quite common in the markets and when you get such a strong reaction from a breakout as we saw earlier, if they return to that location again it can be a VERY interesting area for another shot at the trade!
Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. Wedge Patterns are quite common in the markets and when you get such a strong reaction from a breakout as we saw earlier, if they return to that location again it can be a VERY interesting area for another shot at the trade!
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