FractalTrader
Long

descending wedge offers pontential setup

AMEX:UCO   PROSHARES ULTRA BLOOMBERG CRUDE OIL
oil
83 0 4
oil
A break below the prior low, followed by a break back above the wedge is where I see the best R/R.
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
Order cancelled: oil broke out of the pattern before the setup was triggered. Opportunities are made up easier than losses.
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