Get started
Fx-Nature

USOIL - Potential buy setup

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
Fx-Nature Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Harmonic Patterns Head and Shoulders Fibonacci
11
0
harmonicpatterns headandshoulders fibonacci
THIS IS SPECULATIVE SETUP!

I see potential iH&S in development. Please remember this setup is against the trend, so reduce your position.

Entry around 44,70 (AB=CD 1H + 0,618retr).

If it breaks that area look for price action around 42,20.

Target profits marked on chart.

Trade responsibly.
Comment:
USoil formed iH&S pattern. So far we sit on the resistance zone, 3rd test.

We are almost at the 1st Target profit.

Second target profit is confirmed by bearish butterfly + 1.618extension

snapshot
Comment:
Also sits in the triangle:
snapshot
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.