123 bottom USOIL

FX:USOIL   CFDs on Crude Oil (WTI)
166 4 3
A 123 bottom if your not familiar is a break of downtrend . then retest of downtrend followed by a bullish break through resistance which is the high of the breakout of orignal trend as displayed . A failed 123 would mean the stock price moving back into downtrend or making a lower low even after breaking trend
great example of a failed reversal
Iranian oil expected to hit market soon. Doubt this is the bottom.
i did say potential lol. not definitive
potential 1-2-3reversal pattren,but .....
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