輕原油期貨

Let's wait for the correction / Crude Oil by ThinkingAntsOk

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Use this as a guide to develop your view of the situation:

Main ítems we can see on the 4hs Chart:

a)We have 2 descending trendlines, one has been broken, and the other one isn't

b)In general, after a structure is broken, we should expect a correction or a retest of that broken structure

c)In this case, we will wait for a correction with similar proportions to the two yellow lines we draw on the chart

d)If the Price makes something similar to that pattern (it can be a zig-zag / Flat / Irregular / Triangle) we Will be trading long towards the 2nd descending trendline

e)By the moment, this is just an analysis let us know what you think on the comments.

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