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)
mrLOBSTER
11 months ago
crustcean should be back today i think this afternoon is when the three days expires

YES! 9h 40min :D.... FFFFUUUUuuuu....
+1 Reply
BobVanders mrLOBSTER
11 months ago
haha so you're allowed to speak on here, just not in chat :)
Reply
brach PRO
11 months ago
wtf Langosta we can't do this without you
Reply
mrLOBSTER brach
11 months ago
Hang in there! 6h left of my cage-time! :P
Reply
charle5035 PRO
9 months ago
Nailed it. Nice analysis
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out