Potential for Inverted Head and Shoulders
I wouldn't open a long entry here i would keep an eye out for reversal; looking at volume for confirmation.
Note
Possible reversal on Weekly for WTI, looking for validation on reversal would start adding longs above at the pivot ~$44.78Note
Note
Looking for a validation on Inverted H&S above the neck line with volume for a potential target to the prior weekly pivot.
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.
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.