chart for Brent crude oil symmetrical triangles pattern has formed

chart for Brent crude oil symmetrical triangles pattern has formed : A symmetrical triangles pattern has formed on the chart for Brent crude oil (4-hour time frame). This pattern appears as swings on the chart start to narrow, signaling that a breakout may occur soon. Often a breakout shows direction in which commodity price will move in near term.

The numbers on the current chart shows the possible targets when a breakout will occur. Usually, a breakout occurs to the direction of the previous trend. The present pattern isn’t ideal as the triangles aren’t completely symmetrical and it’s possible for the price to behave somewhat differently from the prediction. Click the image to enlarge it to a full-size screenshot:

If you have any questions or comments regarding this chart pattern for the oil, please, feel free to reply below.articel from www.commodityblog.com... For the latest updates PRESS CTR + D or visit Stock Market news Today

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