Oil inverse H&S forming

FX:USOIL   CFDs on 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
wtf Langosta we can't do this without you
Hang in there! 6h left of my cage-time! :P
crustcean should be back today i think this afternoon is when the three days expires

YES! 9h 40min :D.... FFFFUUUUuuuu....
+1 Reply
BobVanders mrLOBSTER
haha so you're allowed to speak on here, just not in chat :)
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