CRUDE OIL - Perfect Price Action Story {Chart# 551}

Crude was moving in Rising Wedge Pattern as indicated by blue trend lines. Rising Wedge is a bearish pattern and today Crude broke the wedge and gave a good 270+ points move.

Story of Crude continues as it formed series of horizontal steps (support & resistance zone) through out its journey.
All these zone (highlighted in yellow) have been respected multiple times giving beautiful trade opportunities.

Long Term TL highlighted in Red is ultimate target for this rising wedge pattern.

Thanks
Piyush Gupta
Learn & Earn