WTI Crude Oil is approaching a key daily supply area. The market was nicely rejected from that last week.
Analyzing the intraday perspective, I spotted a head & shoulders pattern on 4H time frame. 79.55 - 80.2 is its neckline. To short the market with a confirmation, wait for its bearish breakout. We need a 4H candle close below that to make a breakout valid.
A bearish continuation will be expected then. Goals: 77.7 / 76.5
If the price respects a neckline and sets a new high then, the setup will be invalid.
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that is our trigger to short