peterbokma

USOIL- 4 Hourly SELL strategy

Short
TVC:USOIL   CFDs on WTI Crude Oil
Just out of interest.

We may have a not so perfect 'shoulder head shoulder pattern', but interesting to use for a very short-term trade.
The neck line of the S/H/S top is roughly $ 90.57 and also coincides with cloud level. If broken we get an estimated short-term objective $ 85.70.

Strategy is SELL in to strength $ 92-93 or on break 90.60 or so.

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