TradingView
0
All posts from TradingView
TradingView in TradingView,

WTI inverted H&S / 4

WTI inverted H&S / 4

Correction to the previous post: The neckline of our small scale inverted H&S is the oblique red line. After being broken, this line became a support during Friday price action.
What's next ?
Probabilities for completion of the large scale H&S are increasing (see previous posts), but we are not done yet. Consolidation pullbacks may occur. One to be expected is when we will reach the 20 DMA ( daily chart ).
Let's sit on profits and wait...