FractalTrader

descending wedge offers pontential setup

Largo
FractalTrader Actualizado   
AMEX:UCO   ProShares Ultra Bloomberg Crude Oil
oil
A break below the prior low, followed by a break back above the wedge is where I see the best R/R.
Comentarios:
this setup has been invalidated. because the setup never had a chance to complete (required a move below 8.41), there was no risk
Orden cancelada:
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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