TraderEye Market View: Is this the pattern that will stop the fall in the price of oil - Expanding Diagonal triangle

Thursday, May 9, 2024

Is this the pattern that will stop the fall in the price of oil - Expanding Diagonal triangle - Follow up

This is the original template I posted on 8/5/2024:

Oil price falling, a technical reversal pattern, from the writings of Ralph Elliott, called an Expanding Diagonal triangle, in a 5-minute time frame, may stop a current downtrend

And this is the realization of the pattern on the hourly chart after a trading day:

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