OPEC meeting is just around the corner and Oil is pounding on the 50$ resistance zone for almost a week now. Rising Wedge, AB=CD pattern and a Weekly Structure Zone will try to prevent Oil from climbing higher
Tomer, The MarketZone Follow me on TradingView Subscribe to my newsletters - goo.gl/HXjCPV Follow my blog - goo.gl/78KZsl Subscribe to my Youtube channel - goo.gl/q8dbyT
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Testing top of Resistance Zone Bottom of broken Wedge pattern
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Resistance Zone held and Oil price declined last week. I think that's a positive sign to my setup. Already booked more than 150 pips on WTI last week. Waiting for continuation but there may be a pullback goo.gl/28uI95
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Short term pullback into resistance that we saw last week perhaps will allow another bearish entry next week as Wedge pattern was confirmed by sharp price decline