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	Comments on: Crude Bullish Falling Wedge Pattern Breakout	</title>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/crude-bullish-falling-wedge-pattern/#comment-4598</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Wed, 06 Jun 2018 13:20:07 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/crude-bullish-falling-wedge-pattern/#comment-4596&quot;&gt;FrancisQ&lt;/a&gt;.

I just read your question &amp; while it is now even more clear in hindsight following yesterday&#039;s additional &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.&#039;&gt;reaction&lt;/abbr&gt;, /CL has resistance at 66.00 which could have provided a shallow target. Assuming this pullback ends soon &amp; crude makes thrust up, a buy signal will come a break above 66.00.

&lt;!-- copy and paste. Modify height and width if desired. --&gt; &lt;a href=&quot;https://content.screencast.com/users/RightSideOfTheChart/folders/Snagit/media/b118fed5-7cdc-4648-a4ed-b54ab9979664/CL%2060-min%20June%206th.png&quot; rel=&quot;nofollow&quot;&gt;&lt;img class=&quot;embeddedObject&quot; src=&quot;https://content.screencast.com/users/RightSideOfTheChart/folders/Snagit/media/b118fed5-7cdc-4648-a4ed-b54ab9979664/CL%2060-min%20June%206th.png&quot; width=&quot;1323&quot; height=&quot;1004&quot; border=&quot;0&quot; /&gt;&lt;/a&gt;]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/crude-bullish-falling-wedge-pattern/#comment-4596">FrancisQ</a>.</p>
<p>I just read your question &#038; while it is now even more clear in hindsight following yesterday&#8217;s additional <abbr class='c2c-text-hover' title='1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.'>reaction</abbr>, /CL has resistance at 66.00 which could have provided a shallow target. Assuming this pullback ends soon &#038; crude makes thrust up, a buy signal will come a break above 66.00.</p>
<p><!-- copy and paste. Modify height and width if desired. --> <a href="https://content.screencast.com/users/RightSideOfTheChart/folders/Snagit/media/b118fed5-7cdc-4648-a4ed-b54ab9979664/CL%2060-min%20June%206th.png" rel="nofollow"><img class="embeddedObject" src="https://content.screencast.com/users/RightSideOfTheChart/folders/Snagit/media/b118fed5-7cdc-4648-a4ed-b54ab9979664/CL%2060-min%20June%206th.png" width="1323" height="1004" border="0" /></a></p>
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		<title>
		By: FrancisQ		</title>
		<link>https://rightsideofthechart.com/crude-bullish-falling-wedge-pattern/#comment-4596</link>

		<dc:creator><![CDATA[FrancisQ]]></dc:creator>
		<pubDate>Tue, 05 Jun 2018 18:02:16 +0000</pubDate>
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					<description><![CDATA[Would there be a target at 66.18?
https://www.tradingview.com/x/mQ1WNqbT/]]></description>
			<content:encoded><![CDATA[<p>Would there be a target at 66.18?<br />
<a href="https://www.tradingview.com/x/mQ1WNqbT/" rel="nofollow ugc">https://www.tradingview.com/x/mQ1WNqbT/</a></p>
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