NYSE:VLO   Valero Energy Corporation
3
This is nothing more than an exercise as there is so much going on here, I wanted to post it so I could come back later and see how it resolved.

In ORANGE is a H/S pattern that back tested the neckline before finally hitting target. In BLUE is a larger H/S pattern which violated the neckline, but which could very well still be in play. The target of the BLUE H/S is near the target of the CRAB. However, price just completed a pretty tight Gartley and has reversed.

The overall formation (GREEN DASHED) could be a falling wedge. Lots of conflicting ideas on this weekly chart, should be interesting to see how it unfolds.

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.