Sholmes

Just wanted to share my triangle scalping theory for crude oil

Edukasi
TVC:USOIL   CFD pada Minyak Mentah WTI
This pattern has brought me great success scalping crude oil.

How to trade it:
  • Look for an ABCD triangle formation with lower highs and higher lows.
  • Draw the triangle with extended lines.
  • Measure the baseline at B and divide it by 2
  • Add this value to the point of breakout to get a nice padded target to either side
  • Look out for fakeouts and good luck.
  • Backtests may occur on the extended lines to the right but moving between them invalidates the triangle and the trade should be closed.
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