Big Decision Time for West Texas Oil - WTICOUSD
We are at an important decision for WTICOUSD, here are two very possible outcomes . The first is illustrated with the green arrows, and the second is in red. I trade triangles as a continuation pattern rather than a reversal pattern, so I am looking for an upside breakout of the triangle with a retest confirming we will move higher. If we break to the downside of the triangle and the long term support trend-line we could see some serious downside action.
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