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
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out