Break of the triangle in any direction could result in a move that side. Given the change in direction based on the formation of a higher low (down fractal), there is a good chance that the breakout could be upwards
Channel pattern break shows that the price will move downward. On a larger time frame like 4H or D, the trend is still upwards. However, on lower time frames like 1H and execution on 15 min/5 min shows a downward trend
Long bias continues
Short Crude on every pull back until it is below 3077 Once price breaks above that, go long
Enter on the break of key levels mentioned in the chart Downtrend seems to be intact until the bull fractal with the red horizontal ray is broken
Each bullish 123 pattern and bearish 123 pattern is drawn in the chart Drawing is done on the futures and pasted below
Disclaimer - Not a recommendation. Based on fractal analysis, showing what should the reaction be now and what it should have been on Friday All details are available in the chart