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.
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:
Have a nice trading week...