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GladMpho
May 15, 2016 12:36 PM

USOIL Short

Crude Oil (WTI)FXCM

Description

OIL Double TOP right at the 161.8% Fib extension and resistance level, with an inside bar. This could be a weekly Head of the H&S pattern in formation.

There's also divergence in play, if we break above the resistance we might form the 3rd wave of the divergence as there's currently 2 waves.
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