WTI Oil Price Testing Uptrend Line and Bearish Wedge Pattern
chart by ICM.com
Chartist Trader
6/19/20241 min read
On the daily timeframe, it is clear that the price is testing a broken uptrend line, indicating a possible correction. This test is occurring within the supply area. Meanwhile, on the H1 timeframe, a Bearish Wedge chart pattern is visible. If the price breaks this pattern, it will provide further confirmation of a correction.
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