Bullish view on UKOIL
The awaited RSI divergence has formed.
Only one support line of the three was broken (marked by the arrow).
Elliott rules presuppose an ending triangle formation.
To confirm it the price should cross upper downtrend resistance line.
Only one support line of the three was broken (marked by the arrow).
Elliott rules presuppose an ending triangle formation.
To confirm it the price should cross upper downtrend resistance line.
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