CL1! head and shoulders alert, not the shampoo

Crude Oil FuturesNYMEX

Description

⋅ Sep 2, 2015 11:51 AM

Am I seeing what I am seeing? A daily HS in oil? Note the red circles proximity to the 200 day ma. This may be closer to the truth than anything. The tops are not pointed, they are boxed, so this one may consolidate for a little time yet too.

Comments

IvanLabrie

⋅ Sep 2, 2015 11:57 AM

Many people start to see these. Yet they rarely work (unless they fit a neowave pattern somehow, like the neutral triangle: icharts.in/forum/files/neo_wave_patterns_206.pdf )

claydoctor

⋅ Sep 2, 2015 12:58 PM

Ok Thanks.