USOIL: Potential Head and Shoulders Pattern 59.49 to
This is not a trade that I am making, but a potential scenario for next week on an intraday basis. 59.36 to 59.49 is a level I am watching on breaching and getting pass to give me confidence that this reference of a potential H&S will be invalidated, and head up pass 59.66. I still expect oil to rally to $61 and then pull back to $59 (a second opportunity to get in).
If not, and this H&S persists, forming a right shoulder, which is where we are now or at 59.49, then the pull back will come early, and that will give me an opportunity to get into OIL around $57.79 or $56.83. I will be watching these levels for opportunities to enter.
If not, and this H&S persists, forming a right shoulder, which is where we are now or at 59.49, then the pull back will come early, and that will give me an opportunity to get into OIL around $57.79 or $56.83. I will be watching these levels for opportunities to enter.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.