Looks like inverse Head and Shoulders pattern
This formation looks as a very classic inverse Head and Shoulders pattern. though I do not trade WTI , but want to capture this to see it realizes
Trade active
as long as the right-most brick is holding - the trade is safeTrade active
The brick did not hold, but at the same time the right shoulder got simply extended. There is too much uncertainty to the bull side for bears before the weekend, so Friday could turn into a trend type day if the current level (51) holds.Trade active
51 held, staying above 51.2 should get us up hard today.. let see EU actionTrade closed: stop reached
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Disclaimer
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.