This formation looks as a very classic inverse Head and Shoulders pattern. though I do not trade WTI , but want to capture this to see it realizes
Trade ist aktiv:
as long as the right-most brick is holding - the trade is safe
Trade ist aktiv:
The brick did not hold, but at the same time the right shoulder got simply extended. There is too much uncertainty to the bull side for bears before the weekend, so Friday could turn into a trend type day if the current level (51) holds.
Trade ist aktiv:
51 held, staying above 51.2 should get us up hard today.. let see EU action
Trade geschlossen: Stop wurde erreicht