WTI Futures Break-Out Strategy

This Channel indicator is designed for 5 min time frame.

Pre-market high and low is defined per trading day between 9:00 AM to 9:30 AM EST.

How it works:

At 9:00 and 9:30 mark lines on Low and Hi levels.

Wait until a candle is closed above or below Low and Hi levels.

- Break-out high = long trade

- Break-out low = short trade

For additional confirmation, use either MACD or Stochastic RSI indicators.