* Rising channel is formed when the price is contained between 2 upwards sloping parallel lines, forming higher highs ( HH ), and higher lows ( HL ).
* If USOIL breaks the lower trend-line we can expect a move till $70.
* In order to continue it's uptrend the price need to move within the pattern or should break the upper trend-line.
* If USOIL breaks the lower trend-line we can expect a move till $70.
* In order to continue it's uptrend the price need to move within the pattern or should break the upper trend-line.
Trade closed: target reached
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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.
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.