5 year up trending channel with the current downtrend , which is going to be a fake breakout.
We'll see crude breakout passed the SMA 200 by 10/18, then the following week will be a drop back into the short term downtrend. Then crude will breakout where the short term down channel and long up channel meet, which creates a nice wedge.
We'll see crude breakout passed the SMA 200 by 10/18, then the following week will be a drop back into the short term downtrend. Then crude will breakout where the short term down channel and long up channel meet, which creates a nice wedge.
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