Rising Wedge, AB=CD and Psychological Level

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

Kommentera:

Testing top of Resistance Zone
Bottom of broken Wedge pattern

Kommentera:

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

Kommentera:

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

Kommentera:

Setup still valid (profit)

Trade stängt: målet nått