Descending Triangle : Crude Oil ; Waiting for Breakout

FX:USOIL   CFDs on Crude Oil (WTI)
A very decent descending triangle has formed with valid no. of touches on both sides of triangle.

Consider the height measurement for fixing targets and enter the Breakout side.

While am posting this idea USOIL             touches the slant line but need to wait for breakout confirmation.

Happy Trading !

Hit Likes for Agree / Comment your views...
This apparently looks to be bearish triangle...... lets see... if see down breakup
+1 Reply
Yes AMGO, Descending triangles breakdown 64% times and 36% upwards.. So both are possible
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out