veryevilone

US Oil possible Inverse H&S on the 1W

FX:USOIL   Crude Oil (WTI)
586 2 18
My previous idea on the short time frame show a descending triangle that will likely exit below. This weekly chart shows a possible HS pattern into trend reversal.
Comment: The price is chugging along nicely. However it has come to my attention that an inverse HS has to have a right trough with a higher low than the left trough. So this chart is not neccesarily correct. We are currently hovering around $40,60 and this could be the pivot point, however volume is very low, so i for one cannot trust it 100%.
Me expecting 40 than to 65 and than to mid 20's
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