Price Action Buying the Pennant Formation On Crude Oil Futures; SchoolOfTrade.com

Buying the Pennant Pattern Long on Crude Oil allowed us to pick up a fast and easy 88 ticks this morning! Check the post out here: \r
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In todays video we see the Crude Oil ripping to the highs of the range and forming a Pennant Pattern Long.\r
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This gave us an opportunity to buy the breakout for $880 in under 10 minutes with only 4 contracts!\r
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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. We have a range day formation overall with the sellers failing to prove they are interested making the Pennant Pattern long a PERFECT spot for sellers to accumulate the highs while also allowing the buyers to sweep in for a move up!\r
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U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Dont trade with money you cant afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.\r
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