Crude Oil (WTI): Preparing For Reversal 🛢️

Long

CFDs on WTI Crude Oil (TVC:USOIL)

Updated

TVC:USOIL CFDs on WTI Crude Oil

mtfa supportandresistance headandshoulders futures oil crudeoil brent priceaction usoil ukoil containsimage

WTI Crude Oil closed, testing a major horizontal daily support.
The price formed an inverted H&S pattern on that on an hourly time frame.

Your bullish confirmation next week will be a bullish breakout of 83.37 level - its horizontal neckline. Hourly candle close above will confirm the violation.

A bullish continuation will be expected to 84.51 / 85.41 levels then.

❤️Please, support my work with like, thank you!❤️

Trade closed: target reached

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Related Ideas

about USDCAD 15

about CADCHF 12

about NZDUSD 8

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.