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Short

DESCENDING TRIANGLE

FX:USOIL   CFDs on Crude Oil (WTI)
62 1 2
Descending chart pattern has flat bottom and falling upper line. Flat bottom tells that the pair has support at a price level and falling upper line tells that the resistance over time is reaching lower and lower.
Comment: http://www.investopedia.com/terms/d/descendingtriangle.asp
Comment: http://www.chart-formations.com/chart-patterns/descending-triangles.aspx
http://www.chart-formations.com/chart-patterns/descending-triangles.aspx
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