USOIL : AB=CD PATTERN FORECAST
Since the price failed to breaks resistance 51.40, and now a lower high point C is formed, we could expect a medium term bearish trend towards point D which is near to 39.44, where the structure support is also located at there. For those shorted at point C, the TP area will be at point D.
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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.