I will be following this
MinnieTrading TradingAxis
@TradingAxis, Usually a triangle, this is apattern of the continuation of the trend.
+1 Reply
Why do you prefer scenario 1 ? Scenario 2 could equally develop a falling wedge to grind down the price gradually to long term lows. The up-movement is not so probable for me, but anyway.....many things are possible nowadays.
@Woerle, Because we are still in a downtrend. Also, fundamental analysis is not the best for oil.
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