61 fib retrace from most recent high. Strong resistance point , head and shoulders on 4 hrs. in additional strong momentum in oil price to the upside.
Spike from FDA approval. Anticipate pull back to 61 fib level. MT - price target is 61 feb extension level.
head and shoulders pattern on 3,5 and 15 min chart. Retracement of the last impulse down to the 61 retracement fib level.
DOji candle on a daily chart, head and shoulders pattern on a 1 and 15 min chart. 1:1 risk reward.