jaber.khodadi

Crude oil in a longer time horizon

TVC:USOIL   WTI CRUDE OIL
60 0 4
It crossed over a declining mid/long term trend line.
Somehow breakout is confirmed. it surpassed more than 3% of the breakout point and also more than 1.5 ATR.
Now it's overbought is correcting.
a Throwback (Pullback) is highly expected to the previous amber trendline.
Fibonacci ratios are also acting reliably.
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