This trade setup on Brent Crude is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 63.8760.
ARTÍCULOS RELACIONADOS
Gold Spot is approaching a support line of a Falling Wedge. It has touched this line numerous times in the last 8 days.
Gold Spot is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a…
After testing the resistance line numerous times, Brent Crude is once again approaching this line. Can we expect a bullish trend to follow?
Brent Crude is heading towards the resistance line of a Rising Wedge and could reach this point within…
Important support line being approached by Gold Spot. This price has been tested numerous time in the last 8 days
Emerging Falling Wedge detected on Gold Spot – the pattern is an emerging one and has not yet…