Lanmar
Short

USOIL Potential H&S/Pennant top

FX:USOIL   Crude Oil (WTI)
281 0 8
The risk/reward proposition is best to the downside. Any daily close above 51.50 closes my short position.
Comment: I will update with my trade decision at the 43 handle. I will definitely close my short position there and will consider going long. Something to consider when seeing H&S patterns is when they are "fake" they tend to reverse with great magnitude. The reason is because too many traders are on the same side of the trade, therefore their stops are in the same location and all have to cover at the same time, which creates an explosion in price.

snapshot
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