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Trade_Terrier
Mar 5, 2018 4:01 PM

Inverse H&S Long

WTI CRUDE OILTVC

Description

Pretty clear to understand depiction of an inverse H&S on the 30min chart. Pattern gets violated during 9:30 stick this morning. This should target at least 63.40-63.50 depending on your peaks count.

Comment

Also notice the multiple rejections in the pre-market trading hours at the influential 110MA and 72MA
Comments
Trade_Terrier


Retracement of previous move showed resistance at Fib number (.618 retracement) at 62.64. Ultimately, the move did finish over Daily 50 Moving Average of 64.56. Still a strong buy opportunity based on close today.
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