Crude Oil - Price Structure
Interesting setup on the daily chart for USOIL with a potential breakout, we have just broken out of an ascending triangle (chart shown below) and price has now hit the 0.618 retracement level right on the trendline.
I'm expecting a pullback before price breaks this level and continues the move lower.
Please feel free to leave your opinion below.
I'm expecting a pullback before price breaks this level and continues the move lower.
Please feel free to leave your opinion below.
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