OmarJundi
Short

OIL Diganoal Triangle on the Daily Chart

FX:USOIL   Crude Oil (WTI)
7 months ago
Diagonal Triangle
Occurs only in 5th or C Wave
Subdivide into 3-3-3-3-3
sometimes have sharp, last gasp break through trend line
subsequent moves are sharp
7 months ago
Comment: Oil is moving perfectly inline with the chart.
Oil might punch through the upper trend only for a very short period of time (piercing) and would fall like a knife from there.
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