This very rare pattern usually indicates a change of trend. Is doing it in the weekly timeframe and setting up for a massive breakout of the descending channel. Also, oil is setting up an inverse HS and many of the big oil companies show bullish patterns. SL and TP are shown on the charts.
Good luck.
Good luck.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.