This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

I spotted this nice bull flag that yielded a 72.5 cent gain. I’m not posting the PnF chart since it didn’t factor in the trade. Oil broke out from the opening range, and pulled back on lower volume. It printed a perfect bull flag on the 1′ chart. Note the increase in volume on the break. This was a textbook example. I sold into the momentum, and price expansion.

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com