CL, How to tradet converging triangle & triple top structureCrude Oil FuturesNYMEX:CL1!nobody1594823Yesterday printed a strong bearish signal bar with a solid body, which creates a reasonable setup for a breakout short below the recent low. Traders can place a sell stop order underneath the signal bar and look for a 2R risk-reward target. A more conservative approach is to wait for a clear daily close below the 20 EMA before entering. That would likely reduce the reward potential somewhat, but the probability of follow-through would be higher. In a tightening range like this, failed breakouts are common. The key is whether bears can finally create acceptance below the EMA20 and start breaking the series of higher lows.