AB/CD! CRUDEOIL
The previously posted formation of reversed H&S has not been very great looking to me. The whole structure looks too long, therefore, I decided to withdraw it.
This AB=CD harmonic pattern we are forming (or already formed) could potentially take us back to below 73 levels. I am waiting for the retest of 707. at 82.05 where I will start shorting. Pay attention to the trend channel marked.
Entries = 82.05
T1 = 72.4
T2 = 70.10
SL = 83.0
This AB=CD harmonic pattern we are forming (or already formed) could potentially take us back to below 73 levels. I am waiting for the retest of 707. at 82.05 where I will start shorting. Pay attention to the trend channel marked.
Entries = 82.05
T1 = 72.4
T2 = 70.10
SL = 83.0
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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.