oskarhibbert
Long

Triangle pattern and uptrend regression LONG indication

FX:UKOIL   Crude Oil (Brent)
Not much to say here. We see an obvious regression going on indicating an uptrend is about to take place, however it's also possible the stock price follows the triangle pattern plotted breaking through the bottom ( bearish ) or top ( bullish ). It's any mans guess at this point.
Nice. Whether it hits 71 or 75 it will probably build harmonic pattern (bearish). Then I think is time to leave it for a while. But first break out of triangle, hopfully tonight or tomorow.
+1 Reply
oskarhibbert goran.marsenic
Thanks. Hadn't given this post a thought since posting. It's good to see the triangle is still holding strong :)
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