US30 IS CURRENTLY FORMING AN INVERTED HEAD AND SHOULDERS PATTERN WHICH IS A GOOD REVERSAL PATTERN IN THE MARKET. GIVEN THE FACT THAT THE US ECONOMY IS SLOWLY REOPENING, WE ARE BOUND TO SEE SOME UPSIDE ON THIS PRETTY SOON. LONG TERM IDEA.
Comment:
We can see pirce bought already and should be about a 100 points in profit. Would be advised at this point to move stop loss to entry price or into profit and let the trade ride out