This daily chart of the WTI crude oil (spot) demonstrates a symmetrical triangle pattern. I will use it for a trend continuation breakout setup. My potential entry is marked with the cyan line, which is located at 10% of the triangle's base width below the lower border. My take-profit will be at the green line, which is located at 100% of the triangle's base width below the lower border. I will set my stop-loss to the triangle's upper point (79.771). I will ignore bullish breakouts from this chart formation.
Order cancelled:
Trade setup cancelled due to the pattern invalidation.
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