LewisGlasgow
Short

Crude Oil - Head and Shoulders

FX:USOIL   Crude Oil (WTI)
Tonight we have USOIL             on a 4h chart with a head and shoulders pattern. We are currently trading below the 200 EMA on the Daily chart , if we close above this I would consider the trade invalid.

I'm looking to short this all the way down from the right shoulder, waiting for confirmation! This is additional analysis supporting my long term prediction which was posted last week, you can view this idea below.
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Related Ideas

dionvuletich
a year ago
Yes, I am position long based on a long term chart but shorting this right shoulder based on a 4hr chart... so agree with you
+1 Reply
LewisGlasgow TOP dionvuletich
a year ago
Thank you, I'm still bearish long term but price is starting to indicate otherwise
+1 Reply
wenshan
a year ago
Good analysis,agree!
+1 Reply
LewisGlasgow TOP wenshan
a year ago
Thank you, we will see how this plays out today.
Reply
EXCAVO TOP
a year ago
CRUDE OIL
+1 Reply
LewisGlasgow TOP EXCAVO
a year ago
Great share!
Reply
ahmedfx
a year ago
Oil Monthly Updat
+1 Reply
hungvolai
a year ago
head and shoulders technical don't usually play out most of the time.
+1 Reply
LewisGlasgow TOP hungvolai
a year ago
We never traded this pattern but it was a possibility, I hope you have a great week.
Reply
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