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USOIL This Bearish Expanding Triangle is Promising a Sell-Off

Market Instrument: USOIL
Timeframe: Weekly
Analysis: Technical
Structure: Bearish Expanding Triangle and Key Level
Prediction: Bearish
On the weekly timeframe, I have spotted this very important triangle formed where it seems price is much controlled and moving nicely inside the structure. If the price is willing to respect the following upper boundary formed this will show up a nice reversal like earlier. And this reversal can be revisited back to the key level formed close to 65-66 as highlighted.
Timeframe: Weekly
Analysis: Technical
Structure: Bearish Expanding Triangle and Key Level
Prediction: Bearish
On the weekly timeframe, I have spotted this very important triangle formed where it seems price is much controlled and moving nicely inside the structure. If the price is willing to respect the following upper boundary formed this will show up a nice reversal like earlier. And this reversal can be revisited back to the key level formed close to 65-66 as highlighted.
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.