FractalTrader
Long

descending wedge offers pontential setup

AMEX:UCO   PROSHARES ULTRA BLOOMBERG CRUDE OIL
oil
80 0 4
oil
5 months ago
A break below the prior low, followed by a break back above the wedge is where I see the best R/R.
4 months ago
Comment: this setup has been invalidated. because the setup never had a chance to complete (required a move below 8.41), there was no risk
4 months ago
Order cancelled: oil broke out of the pattern before the setup was triggered. Opportunities are made up easier than losses.
In particular, you should spend no time at all thinking about those rosy scenarios in which the market goes your way, since in those situations, there's nothing more for you to do. - William Eckhardt
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