Textbook H&S in the making on crude

U.S. DOLLAR / WTI CRUDE OILICE

Description

⋅ Apr 14, 2017 5:26 AM

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.

Comments

KayJay

⋅ Apr 19, 2017 4:28 PM

How deep are you expecting the market to decline ?

jojofang0901

⋅ Apr 14, 2017 6:06 PM

Lovely trade setup, thank you very much for sharing your idea. I have similar view on this as well.

JT85

⋅ Apr 14, 2017 7:44 AM

Great textbook H&S you are right Rolf :)
Waiting for this one too - Tiana

Lwandile

⋅ Apr 14, 2017 5:55 AM

Sir how do I find crude oil in mt4 ?

aramz

⋅ Apr 14, 2017 6:17 AM

@Lwandile, depends what broker you have, whether you have access to it. It might be listed as USOIl or WTI

Lwandile

⋅ Apr 14, 2017 6:47 AM

@aramz, thanks man, in my platform is listed as CL-May17