Short

Oats Head and Shoulders

Updated

May Oats has created a head and shoulders with a time of writing headstone. A two day close below the moving average, a sinking RSI. Possible dowtrend to 224'6 completion of bullish Gartley.

Note

Oats broke neckline and another upward trend today. Looking for fall to 224'6 this week if bears can push it that far. Next downside target is 237

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Oats slid further off of H&S Looking for 225 for next target. Flat bottom candle suggests and RSI that still has a lot of potential, we could see a lot more selling before turn around.

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Oats hammered a possible bottom today. Still could see more selling down to 229'2 and then down to 224'6. This may be a pause to bearish flag. Need confirmation.

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Oats nearing its final stage of bullish Gartley. RSI near bottom. Friday may bring an up serge or continued selling producing a Bat.

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