WTI Crude Oil 4H: Inverse Head & Shoulders Setup

Sep 1

Hi!

WTI Crude Oil is forming a major bullish reversal structure on the 4H chart, currently testing a key resistance zone.

📉 Technical Highlights:

Pattern: Inverse Head & Shoulders (ih&s) structure, with the Head supported by a primary Supply & Demand zone around $73.50 – $75.00.

Current Action: Price is pressing against the ascending neckline resistance around the $87.50 – $88.00 area.

Support: 100 SMA continues to slope upwards, providing dynamic support beneath the Right Shoulder.

🎯 Trade Setup:

Bullish Trigger: A solid breakout above the $88.00 neckline, followed by a pullback/retest to confirm support, provides the entry trigger.

Target Area: $95.50 – $97.00 zone (projected height of the inverse H&S formation).

Invalidation: A decline back below the Right Shoulder low (~$80.00) invalidates the bullish pattern.

⚠️ Wait for a clean 4H breakout and retest before looking for long entries.

Sep 2

Trade active

Sep 6

Note

It formed an H&S on a lower time frame!
Let's see if it will be a continuous one or if it causes a little reversal here!

Sep 9

Trade closed: target reached

The target of the pattern has been touched!

#usoil #Wti