Thoughts? Waiting for possible C to re-load

TVC:USOIL   CFDs on WTI Crude Oil
217 0
giving considerations for a long inverse head and shoulders set up. I would like to long $47.21, but I can see oil breaking the channel.
Comment: *1hr view* AD showing bearish head and shoulders pattern. 3/15 bearish cross confirmed. Don't want to see either of the 3 or 15 ema cross over the 50 ema, puts pressure on $48.63 level my current target based off 1hr chart
Comment: Still waiting on Handle to be completed on the Daily
Comment: that channel is being tested
Comment: W
Comment: we'll know soon enough
Comment: this gives a 10/1 risk reward ratio w/ a stop at the left shoulder low. Notice the target the 161.80% fib level $55.75, this is all considering $47.00 is not the bottom and that oil retraces to the .382% fib level
Comment: going long here for scalp to at least $49
Trade closed: target reached: closed short
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