USOIL Long
The first higher high after a downtrend indicates a potential trend reversal to the upside. It shows that buyers are starting to regain control, signaling the possibility of a new bullish trend.
Trendline Break: A break above a significant trendline further confirms the shift in sentiment from bearish to bullish. The trendline break signifies that selling pressure has weakened, and the market is poised for further upward movement.
Retest of Trendline: After breaking the trendline, the price often retests the broken trendline, which now acts as support. This retest offers a low-risk buying opportunity as it confirms the strength of the new uptrend.
Trendline Break: A break above a significant trendline further confirms the shift in sentiment from bearish to bullish. The trendline break signifies that selling pressure has weakened, and the market is poised for further upward movement.
Retest of Trendline: After breaking the trendline, the price often retests the broken trendline, which now acts as support. This retest offers a low-risk buying opportunity as it confirms the strength of the new uptrend.
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