etsubu

UKOIL H&S pattern

Short
TVC:UKOIL   CFDs on Brent Crude Oil
UKOIL has formed H&S pattern with neckline close to ~60.44 this gives already a bearish signal but there is important support at 60.00 also so wait for a close under it. Also closing under ichimoku cloud gives bearish signal and I'm looking for a downtrend if price closes under 60$. Further analysis for profit target will be added if we enter downtrend
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.