Price Action Trading The Wedge Breakout On The E-Mini S&P 500 Futures; SchoolOfTrade.com

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Buying the Wedge Pattern Breakout allowed us to catch a beautiful push higher from the buyers for 34 ticks on the spike up. Check the post out here: http://www.sidewaysmarkets.com/2015/10/price-action-trading-wedge-breakout-on.html

In today’s video we see the E-Mini S&P 500 Futures catching major bull support on the Double Bottom low moving into a Wedge Pattern breakout.

This gave us an opportunity to buy the breakout and put away a quick and easy $425 on the trade!

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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. We have the sellers pushing price lower and really trying to get a good move when they get stuck at a major Double Bottom reversal area leading into a push up from the buyers and a Wedge Pattern to get in to the trade!

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