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Friday, May 10, 2013 3:26:04 PM
The Trendline on the Triangle on Crude Futures
By Maurice N. Walker
* Thursday, May 9, 2013
...it is the perfect spot to get out of longs or go short
CL's downward trendline on the triangle is where resistance comes in. Short sellers are lurking there, and it is where I went short again. The short is playing out nicely so far.
See the possible double top pattern that is setting up in what could be a large H&S pattern on the hourly chart of crude futures (CL). The second chart below.
http://thechartpatterntrader.com/
George.
Click on "In reply to", for Authors past commentaries.
By Maurice N. Walker
* Thursday, May 9, 2013
...it is the perfect spot to get out of longs or go short
CL's downward trendline on the triangle is where resistance comes in. Short sellers are lurking there, and it is where I went short again. The short is playing out nicely so far.
See the possible double top pattern that is setting up in what could be a large H&S pattern on the hourly chart of crude futures (CL). The second chart below.
http://thechartpatterntrader.com/
George.
Click on "In reply to", for Authors past commentaries.
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