I suppose a fractal repetition can develop. The figure shows that in both cases the rise begins with an upward eruption from a descending channel. This is the scenario I am expecting right now. Therefore, in the coming time I will be looking for long positions in the oil price.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.