Rising Wedge, AB=CD and Psychological Level

31 May 2016

OPEC meeting is just around the corner and Oil is pounding on the 50$ resistance zone for almost a week now.
Rising Wedge, AB=CD pattern and a Weekly Structure Zone will try to prevent Oil from climbing higher

Tomer, The MarketZone
Follow me on TradingView
Subscribe to my newsletters - goo.gl/HXjCPV
Follow my blog - goo.gl/78KZsl
Subscribe to my Youtube channel - goo.gl/q8dbyT

7 Haz 2016

Not

Testing top of Resistance Zone
Bottom of broken Wedge pattern

12 Haz 2016

Not

Resistance Zone held and Oil price declined last week. I think that's a positive sign to my setup. Already booked more than 150 pips on WTI last week.
Waiting for continuation but there may be a pullback
goo.gl/28uI95

18 Haz 2016

Not

Short term pullback into resistance that we saw last week perhaps will allow another bearish entry next week as Wedge pattern was confirmed by sharp price decline

26 Haz 2016

Not

Setup still valid (profit)

29 Tem 2016

İşlem kapandı: hedefe ulaştı