USOIL
Expecting Bearish Head & Shoulder. Neck line is 67 and PRZ is 60.
The target of a Head & Shoulders pattern is typically determined by measuring the vertical distance from the pattern's head to the neckline and then subtracting this distance from the neckline's breakout point. This target represents the potential price decline after the pattern completes and the trend reversal occurs.
The target of a Head & Shoulders pattern is typically determined by measuring the vertical distance from the pattern's head to the neckline and then subtracting this distance from the neckline's breakout point. This target represents the potential price decline after the pattern completes and the trend reversal occurs.
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.