As many ideas I posted here these last weeks, USOIL gets often in triangles and goes sideways before finding its own direction for 100 pips / 300 pips (Example : $39.00 on September 8th to $36.00 at the end of the same day!) Sometimes there are fake dropout or fake up-going spikes, you need to be careful about those as it could never come back again for you to close it without losing any money. (Going up or down 20/30 pips then recovering)
Happy trading is a safe trading with your risk managed!
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We are still inside the triangle! I didn't modify the top line and it got rejected hard from there, so it's still valid :
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We are near the end of the triangle! Don't miss the shot!
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In less than 5 hours we will get a outcome! Since 2/3 trading days ago, this situation is narrowed until the end!
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First breach!! Wait for a possible reverse, if not it's a sell!
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Double reversal, it looks like it's going to breach the bottom line!