Inverse H&S Pattern is building on OIL
Oil is going to present a beautiful opportunity for a long trade once we break the Inverse H&S neckline.
Note
Another situation that could arise is a nasty reversal right at the neckline. With the USD becoming more bullish, another great trade on this pattern would be bearish Price Action at the neckline leading to a short trade down to the right shoulder.
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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.