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.
Learn How to Trade the Most Advanced Market Patterns: https://www.sixfigurecapital.com

Join my Telegram Channel: https://t.me/SixFigureCapital

Facebook: https://www.facebook.com/lewglasgow/
Instagram: https://www.instagram.com/lewglasgow/
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 PRO dionvuletich
Thank you, I'm still bearish long term but price is starting to indicate otherwise
+1 Reply
Good analysis,agree!
+1 Reply
Thank you, we will see how this plays out today.
Reply
Great share!
Reply
Oil Monthly Updat
+1 Reply
head and shoulders technical don't usually play out most of the time.
+1 Reply
We never traded this pattern but it was a possibility, I hope you have a great week.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out