CFDs on Crude Oil (Brent)Updated Crude OIL $UKOIL Classic pattern
I've seen this pattern many times over the last 5 years on different instruments, and its working out to over 50%
The essence of this pattern is a classic triangle with horizontal support, most of the participants realize that we will break down, but not everyone believes that we will take liquidity off the top before going down.
An instrument like oil is quite trivial and it can fall without taking liquidity off the top.
But I want to share a few examples of my theory working out, where the upper resistance line is broken before the drop-down
Best regards EXCAVO
The essence of this pattern is a classic triangle with horizontal support, most of the participants realize that we will break down, but not everyone believes that we will take liquidity off the top before going down.
An instrument like oil is quite trivial and it can fall without taking liquidity off the top.
But I want to share a few examples of my theory working out, where the upper resistance line is broken before the drop-down
Best regards EXCAVO
Note
the bloodiest scenario
Trade active
Even after Trump's inauguration where he said the US will drill and drill and drill, I expect a move up to kill all the shorts.
Trade closed: target reached
Note
FOREX or CRYPTO on Bybit
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Tg
t.me/excavo_forex
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Academy 2025 t.me/excavoacademy
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partner.bybit.com/b/excavo
Tg
t.me/excavo_forex
t.me/excavochannel
Academy 2025 t.me/excavoacademy
All links
t.me/linkforkbot/link?startapp=excavo
Related publications
Disclaimer
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FOREX or CRYPTO on Bybit
partner.bybit.com/b/excavo
Tg
t.me/excavo_forex
t.me/excavochannel
Academy 2025 t.me/excavoacademy
All links
t.me/linkforkbot/link?startapp=excavo
partner.bybit.com/b/excavo
Tg
t.me/excavo_forex
t.me/excavochannel
Academy 2025 t.me/excavoacademy
All links
t.me/linkforkbot/link?startapp=excavo
Related publications
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.