InsiderB

Descending Triangle : Crude Oil ; Waiting for Breakout

FX:USOIL   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 !

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AMGO
8 months ago
This apparently looks to be bearish triangle...... lets see... if see down breakup
+1 Reply
InsiderB AMGO
8 months ago
Yes AMGO, Descending triangles breakdown 64% times and 36% upwards.. So both are possible
Reply
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