Rising Wedge, AB=CD and Psychological Level

31 mag 2016

OPEC meeting is just around the corner and Oil is pounding on the 50$ resistance zone for almost a week now.
Rising Wedge, AB=CD pattern and a Weekly Structure Zone will try to prevent Oil from climbing higher

Tomer, The MarketZone
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7 giu 2016

Nota

Testing top of Resistance Zone
Bottom of broken Wedge pattern

12 giu 2016

Nota

Resistance Zone held and Oil price declined last week. I think that's a positive sign to my setup. Already booked more than 150 pips on WTI last week.
Waiting for continuation but there may be a pullback
goo.gl/28uI95

18 giu 2016

Nota

Short term pullback into resistance that we saw last week perhaps will allow another bearish entry next week as Wedge pattern was confirmed by sharp price decline

26 giu 2016

Nota

Setup still valid (profit)

29 lug 2016

Trade chiuso: obiettivo raggiunto