Hard to say if it's a false breakout. We need a confirmation: price will bounce or re-enter in the main channel? We'll see.
Note
Long confirmation will arrive if price break 49 resistance levelNote
crude oil is retesting channel bottom. pattern still validNote
It clearly was a false breakout :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.