ABCD bearish pattern found on USOIL chart
In a bearish trend, point A is significantly low when point B is considerably high. There is no other point higher or lower between A and B. Point C then forms above A, and the distance between BC is 61.8 or 78.6 percent of AB.
In a bearish trend, point A is significantly low when point B is considerably high. There is no other point higher or lower between A and B. Point C then forms above A, and the distance between BC is 61.8 or 78.6 percent of AB.
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