May 12, 2016
- in Uncategorized by schooloftrade
Price Action Trading The Wedge Breakout On Crude Oil Futures; SchoolOfTrade.com
Today we see Crude Oil pushing higher most of the morning with strength and conviction but when we started nearing resistance around 46.78 we saw price begin to pinch together into a wedge formation.
This gives us clues to look for breakout moves to finish the ‘job’ to one side or for them to become traps and fail through the other side. In this case, we had a breakout move which held firm for continuation!
===========================================================
Test-Drive our Advanced Membership Click here to register for the Free Trial!
Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier trade-room as an Advanced Member
