Clear Head and Shoulder pattern has formed after a good uptrend. If it closes below the neckline, then a short trade can be taken on retest of the neckline.
This is not a recommendation, just an idea.
US CRUDE oil paused near important fib ratio 50% & 61.8% near $116
if sustains above $116 than will see move towards $130
currently wave 2 (c) consolidation going on....
no shorting will be recommended till it is above $100
views are educational
Crude Oil , please check my post on dated 04.03.2022. I was predicted that crude may cool down from level 122. after that crude high was129 and tested low 102. Now chart is forming H&S pattern which is reversal sign. So short again crude here and add more if rise up to level 114 near for target 95 soon.
us crude in in falling wedge and breakout from the wedge will give upside movement towards $125
channel support comes aroun $118--117.5
breaking of channel support will make it weak...
educational trade support and resistance
Please go through my previous post of March 5 th.
Today's high was 129.5 my target was 130.4.
may be one point drawing error.
do you agree?
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The post of arch 5 th has been attached here with.
US crude oil looking strong and moving towards $135 in coming days..
making new higher high
crude oil took the support from gann number $125
views just for educational
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