Price is moving into a rising wedge where it has completed a bearish AB=CD pattern. Price has reversed after the pattern completion and is now testing the lower bond of the wedge. If price breaks below the wedge we should watch for a sell setup and go short with crude oil. A bearish divergence adds to our selling thoughts.
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On Wednesday i will host a webinar where i will show you how to identify harmonic patterns and how to trade them the right way. Register using the link below:
attendee.gotowebinar.../1446690496367655170
Have a nice trading week...
Comment:
Price broke below the lower trendline (better seen in 4h). Keep an eye for a sell setup