Last analysis was a fail but here we are again looking for a short,
The Weekly TF Shows that an Inverted HnS is about to form so we are going to take a short position until it forms to allow a buy/long movement
D1 TF shows a great position to sell as the Oil is about to retest the resistance/neckline
Entry at 73-74 ish
TP for short term is 64 Long term is...
Provided that it doesnt break the neckline, and an appearance of a confirmation candle, will be looking for a sell/short
All entry points are in blue, keep a lookout around 69-70 area
Sorry for the last post image looking bad here's a new one
Possible HnS pattern in H4 timeframe to allow a long movement with a Huge RR as long as it doesnt break the neckline
Monthly timeframe shows a healthy pullback which gives me confidence to enter a long trade
TP Open
SL 61.48
The monthly shows a good pullback straight to a support in my opinion
With a good hns shape zooming into H4 timeframe and a strong support
Possible Long with a huge RR
My 1st published idea hope its good
