March 31, 2016
- in Uncategorized by schooloftrade
Selling The Megaphone Reversal On Crude Oil Futures; SchoolOfTrade.com
This morning we see Crude Oil respecting the VERY large Megaphone Pattern highs after blowing through the lows of it a bit. This gives us a perfect place to look to fade the strong move up for a correction back lower.
Due to the strength that the market shot higher, I am not looking for a full blown reversal, but rather a correction back the EMA for our profit targets before considering shifting gears to go right back up once again to the high of day!
===========================================================
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
