Just a quick draw on a possible very clear hs pattern in crude oil, so far we are more than halfway done and the beginning for right shoulder has begun. Can't wait to see what the coming days are bringing us! Looks like this is going just right within bollinger for the next shoulder.
With global demand going down, new limitations being set around EU I expect WTI to find support around 52 with prices that went a good time sideways in January, between yellow lines. Also a HS pattern is starting to end and start a downhill from here, what do you think of these two ideas?