CRUDE | Descending Triangle Pattern – Bearish Breakout?

The chart highlights a Descending Triangle formation, a bearish continuation pattern suggesting potential downside momentum if the support breaks.

Resistance Zone: 6310 (aligned with the upper boundary of the triangle).
Support Levels: T1: 6280 - T2: 6250 - T3: 6200

Bearish OB (Order Block): The price recently tested the Bearish Order Block near 6,310, reinforcing this level as a strong resistance.

Bullish Breakout: A confirmed breakout above 6,310 with strong volume could spark a significant rally, potentially targeting higher resistance levels.
Bearish Continuation:

A breakdown below 6,280 may open the door for further downside, aiming for 6,250 (T2) and possibly 6,200 (T3).

Disclaimer: This analysis is shared for informational purposes only. Please trade responsibly and consult a financial expert before making any trading decisions.

Patience and discipline are crucial. Always wait for solid confirmation before entering any trades to minimize risks and align with the trend.

If you found this breakdown insightful, don’t forget to like, share, and drop your thoughts in the comments! Your engagement inspires me to share more valuable insights. Let’s keep learning and growing together—happy trading!