BRENT OIL FUTURES: Be Prepared For Breakout

27 Mar 2020

long period of contraction on brent oil.

with a sequence of lower highs and long term bearish trend, the chances are high that market participants are preparing for the next wave to the downside.

pay attention to the underlined horizontal support and sell its bearish breakout!

what is the target? I don't know! No structure on the left! Let's see together :)

p.s trading triangles, a preferable stop is above the last lower high!


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