YonatanBren
Long

EP ENERGEY - Potential Inverse H&S Breakout Buy

NYSE:EPE   EP ENERGY CORP CLASS A
42 3 1
NYSE:EPE             Been in accumulation period for several months now, forming a big strong base -

Potential inverse head and shoulders formation there, Purple line is a strong Resistance line that dates back,
Given the potential break out going long on sub 5..

Comment: Volume looks decent on right shoulder
3.00 next
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YonatanBren flrtrader
What is your thought process behind that?

Thanks
Reply
flrtrader YonatanBren
I think Oil is headed down in the next 30 days, Build up still there in inventories. The only thing thats caused this move to 50 is talk, and rumors.
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