Scroll Top

Brent Crude approaching support of a Descending Triangle

Emerging Descending Triangle pattern in its final wave was identified on the Brent Crude 4 hour chart. After a strong bearish run, we find Brent Crude heading towards the upper triangle line with a possible resistance at 77.3386. If the support shows to hold, the Descending Triangle pattern suggests a rebound back towards current levels.

Categories