cryptokaleo
Long

A NEW ERA FOR $WTI BULLS IS ON THE HORIZON

TVC:USOIL   CFDs on WTI Crude Oil
We're in the last few month of accumulation prior to an Elliot Wave Triangle breakout.
maybe
but also this is a triangle
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and how did you come to this conclusion? how do you know that its going to breakout? it may hit your resistance line and come down too....
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cryptokaleo LetsBeMillionaire
@LetsBeMillionaire, true, it might. This was a lazy af explanation of my analysis. I'm looking to accumulate in the 57-60 range (green box). I'll start to take profit when we hit the diagonal resistance (oval) in case we do crash back down.

IMO though this looks like an elliot wave triangle, which indicates a likely break of diagonal resistance after completion of the E wave.
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