Crude Oil: is this a false breakout or not?

Nov 17, 2016

Hard to say if it's a false breakout. We need a confirmation: price will bounce or re-enter in the main channel? We'll see.

Nov 24, 2016

Note

Long confirmation will arrive if price break 49 resistance level

Nov 29, 2016

Note

crude oil is retesting channel bottom. pattern still valid

Dec 7, 2016

Note

It clearly was a false breakout :)