USOIL is currently in a bullish trend with higher highs and higher lows. However, a bearish divergence has emerged, suggesting a potential pause in the uptrend. Additionally, a Head and Shoulders pattern is forming. If the price breaks below the neckline of this pattern, it could indicate a shift to bearish control, presenting a selling opportunity at 77.203.
Order cancelled
Price broke on upside. pattern remains invalid.
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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.