IS Crudeoil going Bearish ?Breakout in 4 Hours chart.
#commodity, #crudeoil
the breakout happened from the symmetrical triangle, the price oscillates between two trend line, one is the resistance trend line and the other is the support trendline. the breakout happened on the downside. before consolidation, there is a downtrend movement of about 20 points until consolidation, so as per the symmetrical breakout, we can expect the target of about 20 points. But we can't able to expect 20 point downside. instead max we can expect the target upto 68.5
the breakout happened from the symmetrical triangle, the price oscillates between two trend line, one is the resistance trend line and the other is the support trendline. the breakout happened on the downside. before consolidation, there is a downtrend movement of about 20 points until consolidation, so as per the symmetrical breakout, we can expect the target of about 20 points. But we can't able to expect 20 point downside. instead max we can expect the target upto 68.5
Trade closed: target reached