Structuring A Trade For The Top Of The Channel

For any trader, a perfect and clear chart pattern is a
wonderful thing to behold. Even those like me who understand that
technical and chart analysis has its limitations and will always be
overpowered by shifts in fundamental factors finds it difficult to
resist the obvious trade in such circumstances. The chart for WTI
futures right now shows just such a pattern. In fact, the setup is
so perfect that even that obvious trade can be structured in such a
way as to guard against the possibility of being wrong. (Click to
enlarge)I am sure that even…

For any trader, a perfect and clear chart pattern is a
wonderful thing to behold. Even those like me who understand that
technical and chart analysis has its limitations and will always be
overpowered by shifts in fundamental factors finds it difficult to
resist the obvious trade in such circumstances. The chart for WTI
futures right now shows just such a pattern. In fact, the setup is
so perfect that even that obvious trade can be structured in such a
way as to guard against the possibility of being wrong. (Click to
enlarge)I am sure that even…