Crude Oil Wedge or Triple Bottom?
Coming off from a bearish AB=CD pattern, Crude Oil is probably now zigzagging along a Wedge pattern. With price just bounced off the 78.6% fib and RSI above 30, I am looking for a long position with target price just below the channel's ceiling if it breaks the ceiling I will hold long playing the triple bottom pattern with target just below the previous high.
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