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VineetYadav61
Sep 21, 2016 4:57 AM

UKOIL SYMMETRICAL TRIANGLE BREAKOUT 

Crude Oil (Brent)FXCM

Description

POSTING THIS CHART AGAIN AS THE PREVIOUS ONE GOT DELETED WITH MY ACCOUNT. POSTED THAT ONE BEFORE ALL THIS CRUDE SUPPLY CRISIS.
AS THE CHART SHOWS TRIANGLE BREAKOUT ON MONTHLY CHART FROM THE LEVELS OF 110 TO THE RECENT LOWS OF 27 AN ALMOST 75% DECLINE .
CHART ALSO SHOWING A MAJOR TREND LINE WHICH IS IN CONTINUATION SINCE THE YEAR 1999, HAD TAKEN SUPPORT ON IT VARIOUS TIMES . NOW IT WILL BE A MAJOR RESISTANCE .
Comments
VineetYadav61
LINK FOR THE WEEKLY PATTERN .

in.tradingview.com/chart/HrIwOdKz/
VineetYadav61
ONE CAN ALSO LOOK AT THE WEEKLY CHART FOR THE RECENT POSSIBLE INVERSE H&S PATTERN . IF COMPLETED SUCCESSFULLY TARGETS ARE OF 70 PLUS . REMEMBER ITS A WEEKLY CHART SO ONE SHOULD NOT LOSE PATIENCE QUICKLY.
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