Andrey.Ustinov
Long

Oil wedge for retrace

NYMEX:CL1!   Light Crude Oil Futures
206 3 7
today we can se third attempt to break wedge support but still hold
i expect bounce at 47.1 where i putted buy limit order
SL for this trade 30 pips
Trade active: Buy limit at 47.1 activated
SL for that trade 30 pips

Would add buy stop on the way up near wedge resistance
Trade closed: stop reached: Wedge broken - so pattern excluded

Related Ideas

now that we had the huge bounce at 45.8 up to 48 do you think we continue up or was it a false move and we head back down?
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Bounce to where though....do you think....for profit take?
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at least 49
perfect tgt for me 50.4
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