US Oil 3H descending triangle play

Crude Oil (WTI)FXCM

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⋅ 21 Th07 2016 11:19

Looks like a descending triangle is in play. And it may break down near the end.

⋅ 21 Th07 2016 15:30

This idea is supported by the larger timeframe (1W In this case) where you can see a nice increase, that has barely retraced yet.

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LongBreak

⋅ 21 Th07 2016 16:10

good one !