Gasoline Long: Still Alive
Gasoline is still alive!! Trading inside of an expanding triangle, price has confirmed a "double bottom rejection" at triangle support. The actual double bottom won't be confirmed unless price breaks and closes above the neckline, which would potentially give me another trading opportunity as well. Since the reconfirmation of triangle support, I've been building a long position looking for a move back up to triangle resistance. Friday's close was a little discouraging, but didn't invalidate my trade setup. At the same time, this area continues to attract buyers. Now it's just a waiting game.
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