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The second picture shows the same situation but I zoomed in for a precise gap count - bar by bar.

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Display full size Watch for price to rise above point #1, and then drop again (leaving behind point #2).

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This means that when the price of one variety of oil goes up by a certain amount, the other types will tend to move relative to the price change of the first oil.

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Such a tax would be extremely progressive because the overwhelming majority of trading is done by the wealthiest people.

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