BobVanders
Long

Oil inverse H&S forming

FX:USOIL   Crude Oil (WTI)
NOt confirmed by any means at this stage, just an idea that may help us trade a possible reversal in oil             . The reversal may not come, but we broke the recent long downtrend line, green, and now making a few bearish moves. Possibly we come to retest that downtrend line as support, around the 30 mark. A bounce at that point would start to form the right shoulder of an inverted head and shoulder pattern. A break of the neckline is the entry. The target will be around 38-39 depending on where the neckline break occurs (measure the height of the head from the neckline to compute target)
Nailed it. Nice analysis
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wtf Langosta we can't do this without you
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Hang in there! 6h left of my cage-time! :P
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crustcean should be back today i think this afternoon is when the three days expires

YES! 9h 40min :D.... FFFFUUUUuuuu....
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BobVanders mrLOBSTER
haha so you're allowed to speak on here, just not in chat :)
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