March 30, 2016
- in Uncategorized by schooloftrade
Buying the Wedge Pattern Breakout Flag Pattern On Crude Oil Futures; SchoolOfTrade.com
This morning we saw Crude Oil in a nice push higher off the lows but that led into a wedge formation with the market pausing for a while as it sorts itself out on what it wants to do next. We then had a fake-break of the lows leading into snap failure buying pressure right back up.
This gave us a great opportunity this morning to buy but if you missed that like I did, you had the next setup into a Flag Pattern pullback with a VERY strong breakout higher to buy anyway. Back to back patterns like that are pretty hard to beat when they show up!
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