WTI Crude Oil (1H) – Explosive Breakout from Symmetrical Triangle
The 1-hour chart of WTI Crude (CFDs) has delivered a textbook breakout from a well-formed symmetrical triangle pattern with aggressive follow-through momentum
Technical Breakdown
Structure: The market printed a classic A-B-C-D triangle consolidation with price compressing within narrowing highs and lows.
The breakout occurred just above the 74.47 resistance zones signaling strong bullish intent Post-breakout price surged sharply with minimal pullbacks suggesting institutional activity and momentum-driven buying.
Resistance: 74.47 (broken and now acting as support
Previous support near 68.00
Psychological Target 82.50
Market Context
The measured move projection from the triangle matches the current rally extension This behavior often occurs in continuation phases following accumulation. Volume and price action confirm a bullish breakout with clean structure and no major rejection thus far
Summary
WTI Crude has broken out from a high-probability consolidation zone with bullish follow-through momentum toward 82.50 As long as price holds above the breakout zone, further upside is likely Triangle breakouts like this offer great momentum opportunities when paired with volume confirmation and clean structure.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you!
Best Regards TrendLinford!
The 1-hour chart of WTI Crude (CFDs) has delivered a textbook breakout from a well-formed symmetrical triangle pattern with aggressive follow-through momentum
Technical Breakdown
Structure: The market printed a classic A-B-C-D triangle consolidation with price compressing within narrowing highs and lows.
The breakout occurred just above the 74.47 resistance zones signaling strong bullish intent Post-breakout price surged sharply with minimal pullbacks suggesting institutional activity and momentum-driven buying.
Resistance: 74.47 (broken and now acting as support
Previous support near 68.00
Psychological Target 82.50
Market Context
The measured move projection from the triangle matches the current rally extension This behavior often occurs in continuation phases following accumulation. Volume and price action confirm a bullish breakout with clean structure and no major rejection thus far
Summary
WTI Crude has broken out from a high-probability consolidation zone with bullish follow-through momentum toward 82.50 As long as price holds above the breakout zone, further upside is likely Triangle breakouts like this offer great momentum opportunities when paired with volume confirmation and clean structure.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you!
Best Regards TrendLinford!
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🚀 Tap to join – no copy needed!
Get FREE Forex signals with a 1:3 to 1:5 Risk-Reward Ratio
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👇 join telegram channels now
#1: t.me/Trendlinford
Get FREE Forex signals with a 1:3 to 1:5 Risk-Reward Ratio
Trade smarter with Linford 🤴
👇 join telegram channels now
#1: t.me/Trendlinford
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。