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Thread: Bearish Signal on OIL

  1. #1
    Junior Member
    Join Date
    Sep 2009

    Default Bearish Signal on OIL

    The OIL has formed a very strong chart pattern - the Descending Triangle. This pattern is a strong reversal chart pattern that usually leads to breakout downwards. Pattern's size is 40$ - a size that allows us some very profitable trades with good risk:reward ratio.

    Enter short at the breakout of support
    Enter short at resistance (after reversal signals from price)

    OIL – Descending Triangle (Bearish Pattern) | Support and Resistance Trading
    Attached Images Attached Images Bearish Signal on OIL-gso-descending-triangle-16-09-09-jpg 

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breakout, chart pattern, pattern, profitable, resistance, signal, signals

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