If oil cannot break down the black line ,means that this previous resistance is valid,guys can long at this level as a potential ab=cd pattern for the target ,And coincidentally.the ab=cd pattern's Completion point and previous drop trend line overlapped .
Trade closed: stop reached
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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.