T-1000

Head & Shoulders still holding up

NYMEX:CL1!   Light Crude Oil Futures
123 4 0
Right shoulder is still holding up on the weekly. Price is respecting the neckline, stoch is oversold, we can see a pullback to the mid 40's. Price range 12points spread between H&L of right shoulder, this pattern can play out a while longer now that we're moving into the 4th quarter. Neutral/Bearish
Keeping eye on weekly candle close for reverse hammer stick to signal a short
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Let's get it right INVERSE Head and Shoulders. It may seem like a formality, but it's pretty important to name correctly since a H/S is the exact opposite of your call. Thanks.
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T-1000 tbuckle
I stand corrected... yes inverse H&S
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Weekly in play
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