BUTTERFLY, RESISTANCE, RIGHT SHOULDER. SELL?
Hello traders! We are seeing a bearish butterfly recently completed. It is time to monitor price for a potential reversal. We seen a retest of the resistance zone and it is by the right shoulder of a possible head and shoulder pattern developing. If this is so, oils we see a bearish run? Please ignore the position box on the chart, this is not a signal. Trade smart don’t gamble!
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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.