If CL completes this H/S pattern, then going long from the $42 or $41 area will be very profitable up to around $58 or $60.
I believe that CL will need to get down to the $41 area to complete the H/S, but cannot dip below my purple dotted TL as that is the top of Wave ( I ) and would invalidate it. Time will tell and they can always stretch it out as its currently in a descending channel.
I believe that CL will need to get down to the $41 area to complete the H/S, but cannot dip below my purple dotted TL as that is the top of Wave ( I ) and would invalidate it. Time will tell and they can always stretch it out as its currently in a descending channel.
Order cancelled
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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.