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Delilasdad
Oct 24, 2016 8:21 AM

Oil , Head and shoulders on daily 

Crude Oil (WTI)FXCM

Description

So Here we have a nice Head and Shoulders on the daily timeframe. Price has tried to pierce the neckline but has been beaten back . So we have 2 possible outcomes . 1 To hold above the neckline and make a strong impulse to the upside , or to fall below the first daily trendline and sell off to 2nd trendline. One way or the other it will blow , our job as traders is to follow . This is just for info , maybe the impatient play would be an OCO order or just sit and wait.
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