Brief retracement and bounce back to the upside.

This is showing ascending triangle formation on 240 with the brief downside to $41.40 and then bounce back up after retesting the trend line at $41.40 to $45+.
This still holding on this bias.

If however the price action closes above $43.60 today, it might just rallying up.

Do you guys agree?

Trade ist aktiv:

As expected it reached the trend line and bounced back. I hope it pass above $43.60 which had proven strong resistance time and time again.

Long live the UKOIL!