Oil continuing trend long position
Oil putting in an inverted head and shoulders pattern while signals agree.
-Rsi also an inverted head and shoulders pattern on the 4 hr .
- Historical volatility on the 4 dropping to low numbers, looking to expand which is good because we will see a break of the short term consolidation soon.
I have multiple orders looking for targets such as
TP 1: 42.4
TP 2: 43- 43.4
TP 3: gap fill at 45.22
-Rsi also an inverted head and shoulders pattern on the 4 hr .
- Historical volatility on the 4 dropping to low numbers, looking to expand which is good because we will see a break of the short term consolidation soon.
I have multiple orders looking for targets such as
TP 1: 42.4
TP 2: 43- 43.4
TP 3: gap fill at 45.22
Comment:
new 12 hour candle: 12 hour historical volatility dropped to 0