OIL_CRUDE
capitulating under pressure from Macro-Economic headwinds. Bearish H&S development. Waiting for price action to either break/close below (higher timeframes), or break & re-test Neckline Support to trigger pattern confirmation.
Extrapolation = Golden Fib target zone.
Notes:
- Neckline + 50WEMA/100WEMA crossover confluence
- 38.2% Fib + 50DEMA confluence
- Demand Zone (white box) + 200DMA, 100DEMA, 20WEMA confluences
Boost/Follow appreciated, cheers :)
USOIL
UKOIL
CL1!
CL2!
