Head and shoulders patterns are all over the place on the crude oil chart.
Oil has broken the weekly channel couple of days ago and has been retesting its support the whole today. Price broke the H&S pattern just after the opening tonight. Expect a reversal with targets indicated above.
Oil has broken the weekly channel couple of days ago and has been retesting its support the whole today. Price broke the H&S pattern just after the opening tonight. Expect a reversal with targets indicated above.
Trade closed: target reached:
Trade closed. The second target was hit with a profit of 1000 euros. :)
