USOIL daily analysis
Updated
hello guys...
usoil or WTI makes a crown pattern. and the target of this pattern is as height as the main pattern so in this scenario usoil should reach the $66 area or lower level.
it is formed a descending channel and doesn't exceed the boundary strongly!
In the short term, we can see a kind of head and shoulders pattern. it is possible to be one of continuing patterns, after breaking down the neckline get a short position.
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
usoil or WTI makes a crown pattern. and the target of this pattern is as height as the main pattern so in this scenario usoil should reach the $66 area or lower level.
it is formed a descending channel and doesn't exceed the boundary strongly!
In the short term, we can see a kind of head and shoulders pattern. it is possible to be one of continuing patterns, after breaking down the neckline get a short position.
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Trade closed: target reached
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telegram channel: t.me/melikatrader94
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