US Oil breakout from a Falling Wedge trade setup. Will it continue this trend to hit the target price?

The last 16 4 hour candles on US Oil formed a Falling Wedge pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 71.0864.

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US Oil breakout from a Falling Wedge trade setup. Will it continue this trend to hit the target price?

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Brent Crude – approaching a price line that has been previously tested numerous times in the past

US Oil breakout from a Falling Wedge trade setup. Will it continue this trend to hit the target price?

Brent Crude – breach of price line that’s been previously tested numerous times before

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US Oil breakout from a Falling Wedge trade setup. Will it continue this trend to hit the target price?

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