Bullish Pennat on Weekly WTI
WTI oil is consolidating into a bullish pennant. Upper breakout is likely to be followed by continuation of the bullish wave. Yellow lines show the pattern, cyan line is the entry, green line is the target. Stop-loss can be set to the low of the breakout bar.
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You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.