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omidmoradi
Sep 14, 2015 6:21 PM

usoil buy signal Long

Crude Oil (WTI)FXCM

Description

flag pattern
Comments
bizcad
Your chart is nice and clear. It looks more like a descending triangle than a Flag to me, I think I will wait for the break out. I am a buy at 44.50 and a sell at 43.50.
omidmoradi
No, it is a flag.
Previous bullish trend.
bizcad
Thank you for the lesson and correction.
omidmoradi
Thank you
andberg
Agree with you bizcad it is not a flag, here is what a flag look like thepatternsite.com/flags.html
It is more like a descending triangle like you said thepatternsite.com/dt.html
Breakout downward 64% of the time
If this is possible then We should look towards 38$ area
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