CL creating a head and shoulders
We can see that on that last rise, it could not create a higher high, in which I see a head and shoulders forming. I believe the right shoulder will start to form once it bounces off the 50d SMA.
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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.