US OIL, Triangle on Weekly chart! for TVC:USOIL by Yuriy_Bishko

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trendanalysis chartpattern waveanalysis usoil oil crudeoil forex cfd forecast

It looks like an accumulation at the time.
After the price will cross any border of the triangle with powerful candle we can open BUY/SELL entry. Potential profit will be in 3...5 times bigger than risk.

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Comments

sell active?

It’s A sell I guess

rani10

@rani10, maybe, thanks for you thoughts

@Yuriy_Bishko I hope it will reach 57.28 before change the direction. what do you think?

TuanMSallay

@TuanMSallay, it's accumulation. We can say sell or buy only after breaking pattern

Yuriy_Bishko

@Yuriy_Bishko, Thanks for the reply and as per U.S. API Weekly Crude Oil Stock released inventory shows lower than expected so kind of good for bullish and will wait for U.S. Crude Oil Inventories news which will released later today. In the meantime thanks for sharing your ideas which will help everyone. Appreciated it.

TuanMSallay

@TuanMSallay, or powerful news

Sell ?

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