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InsiderB
Apr 25, 2016 1:47 PM

Descending Triangle : Crude Oil ; Waiting for Breakout 

Crude Oil (WTI)FXCM

Description

A very decent descending triangle has formed with valid no. of touches on both sides of triangle.

Consider the height measurement for fixing targets and enter the Breakout side.

While am posting this idea USOIL touches the slant line but need to wait for breakout confirmation.

Happy Trading !

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Comments
UnknownUnicorn341544
This apparently looks to be bearish triangle...... lets see... if see down breakup
InsiderB
Yes AMGO, Descending triangles breakdown 64% times and 36% upwards.. So both are possible
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