Crude Oil Poised For Bullish Breakout From Wyckoff Accumulation Pattern

By Ming Jong Tey of Mastering Price Action Trading
Wednesday, March 27, 2024 7:15 AM EDT

black android smartphone turned on screen

Image Source: Unsplash
 

Watch the video extracted from the WLGC session before the market open on 26 Mar 2024 below to find out the following:

  • The key characteristics of the Wyckoff accumulation structure in crude oil
  • The change of character to signal pending upside movement
  • Why the current bullish flag could be a sweet spot
  • and a lot more...

Video Length: 00:02:20


Market Environment

The bullish vs. bearish setup is 546 to 122 from the screenshot of my stock screener below.

This is still a bullish market environment with plenty of setups.

wyckoff method stock screener
Wyckoff method stock screener​​​​​

Market Comment

8 “low-hanging fruits” (TOL, THC, etc…) trade entries setup + 17 actionable setups (IOT etc…) were discussed during the live session before the market open (BMO).

(Click on image to enlarge)

TOL stock trade entry signal
TOL

(Click on image to enlarge)

THC stock trade entry signal
THC

(Click on image to enlarge)

IOT stock trade entry signal
IOT

More By This Author:

Toppish Pattern Or A Rally In The Making For S&P 500?
Will S&P 500 Grind Higher Or Face A Dramatic Shakeout?
Looming Threat Of A Rising Wedge

Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.

How did you like this article? Let us know so we can better customize your reading experience.

Comments