January 19, 2016
- in Uncategorized by schooloftrade
Flag Pattern Trading The Crude Oil Futures; SchoolOfTrade.com
Selling the Flag Pattern Breakdown allowed us to pick up a solid 158 ticks after catching an additional add-on portion!
In today’s video we see the Crude Oil Futures getting slapped off the highs with a bear Flag Pattern formation.
This gave us an opportunity to sell the highs and the breakdown retest for $1,580 on the trade!
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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. This was a good example of a Flag Pattern that isn’t like the normal one. This was a bear Flag Pattern that was angled down showing excessive selling pressure in the form of a spike and channel. Knowing that bearishness was there we took our shot and bagged a HUGE trade down!
Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. This was a good example of a Flag Pattern that isn’t like the normal one. This was a bear Flag Pattern that was angled down showing excessive selling pressure in the form of a spike and channel. Knowing that bearishness was there we took our shot and bagged a HUGE trade down!
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