USOIL BULL Triangle

11 déc. 2024

The oil chart is showcasing a large triangle pattern within a smaller triangle, and the breakout of the smaller triangle to the upside strongly suggests that the larger triangle will also be broken. This breakout signals the potential to target significantly higher levels.

Additionally, the bottom has been tested approximately four times, with the last test clearing out all liquidity. Now, the chart appears to be gearing up for a major upward move after a prolonged accumulation phase.

As for my perspective, I’m betting on oil’s rise rather than its decline, even though the current triangle formation is typically a bearish (descending) triangle.

The second entry opportunity will present itself after the larger triangle is broken and confirmed through a retest.

Note: I don't care about the count if it right or not don't comment on that please

25 janv.

Transaction en cours

if you want to know where to enter see this link it is an update with time and target

remember sometimes 1 trade is better than 100 trades in a month
this trade has been open 2 months and already took some profit and now going again For long and gets more money