KlejdiCuni

USOIL: Inverse Head & Shoulder Pattern

Long
KlejdiCuni Updated   
TVC:USOIL   CFDs on WTI Crude Oil
The price completed an "Inverse Head & Shoulder" pattern on the 4-hour chart.
We can see that the price is already above the neckline and this is increasing the possibilities for a price increase.
On the daily chart the price is moving inside a very big corrective pattern that can keep expanding on the upper part of it.

Targets:
72.8
76
88.50

Thank you and Good Luck!

Daily Chart:
Trade closed: target reached:
TP1 reached

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