Tradeciety

Textbook H&S in the making on crude

FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
24
The pattern we see on Crude 4H right now is very close to a textbook H&S.

The signal happened a little ahead of the 54 resistance but the overall chart context looks promising.

A break below the neckline would seal the deal here. If the neckline holds, sellers have no right to be in this trade.


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