jf- As of today, the trendline that defines the bottom of the wedge would come in around 48.70 but as the trendline has a positive slope, that level comes in higher each day. Keep in mind that this $WTIC chart is an EOD (end-of-day) chart, meaning that prices are only updated once per day, after the close of trading. Here’s a link to the chart which should refresh/update each time you open it (although the prices are only updated daily). http://schrts.co/tWL8z7

@j1persi – My target for $WTIC would be those two support lines just below the blue arrow although as those levels are in such close proximity that I’d refer to that as a ‘support zone’. Those levels come in at 42.63 & 42.47 although keep in mind that I don’t believe that one can trade spot crude prices, rather you’d need to use CL (crude futures) or an ETF such as OIL or USO. My comparable pullback target on USO is the T2 level (final target) from the USO/WTIC short trade posted earlier today, which comes in around the 10.70 level (price target set slightly above at 10.77 to help increase the odds of a fill, should crude reverse just shy of the actual resistance level). Let me know if you have any other questions. -Randy

YW @shambo . You hit the nail on the head: Waiting patiently for high probability/low risk trades with attractive R/R profiles (and if I could add, waiting for the trade setups that align with one’s own trading style, risk tolerance, etc..& passing on those that don’t). I often find the less I trade, the better my bottom line. Like any trade, this one may or my not pan out but it certainly looks objective to me. G-luck!