OIL is a beautiful example for the aforesaid pattern except its up-sloping Neckline as pattern with near Horizontal Neckline performs better. The pattern looks like normal head-and-shoulders except either with multiple shoulders or multiple heads but rarely both. It performs better than normal Head & Shoulder and trading rules are the same.
@MAYURSHAH444, Investing is different than trading as the holding period differs. For Investing we concentrate more on long term view whereas for trading we can trade even very small time frame. My view on the oil is bearish from short term trading perspective. If the pattern works it could drag the price to below 300 level. It is up to you to react on this information.
@MAYURSHAH444, My reply could bring you confusion and be misleading as I've trained myself for swing trading. But if you still feel that I should give my personnel opinion just tell I would share my views.