Manikandan_Renganathan

Symmetric Triangle Patterns and Breakouts in 2023 and 2024

Long
TVC:USOIL   CFDs on WTI Crude Oil
In October 2023, a symmetric triangle structure emerged following the observation of a bearish divergence in the Relative Strength Index (RSI). Subsequently, a bearish breakout occurred.

In January 2024, a symmetric triangle structure is currently taking shape after the identification of a bullish divergence in the RSI. As a result, one may anticipate a bullish breakout in the near future.
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