hittkts
Short

Head and Shoulders Oil

FX:USOIL   Crude Oil (WTI)
112 1 4
Head and Shoulders set up with a wedge on the daily.
Im short for size into seasonal weak period of the year.
Looking to make new lows this year.
Just some feed back here looking over all of your posted charts. It looks like you only use H&S to trade? But the structure is all wrong here, and it appears you are trying to force it to fit your idea of what you want to happen, when this latest movement is very clearly a breakout, and even as of today still holding to form a bullish pennant. The time scale on your most recent chart is wide enough that it hasn't outright been invalidated, yet, but watch closely. So far everything else is pointing to short term up. Not new lows.
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