Hi
WTI crude oil has officially broken below a major Head & Shoulders neckline, confirming a strong bearish reversal on the 1H chart.
The rejection from the right shoulder near $102 combined with the loss of trendline support signals that sellers are now in full control.
As long as price remains below the $97 neckline, downside pressure is expected to continue toward the $94 support zone, with the full pattern target sitting near $92.
Bulls need a fast recovery above the neckline to invalidate the setup
I’m excited to announce that I’m now a Brand Ambassador for AvaTrade!
WTI crude oil has officially broken below a major Head & Shoulders neckline, confirming a strong bearish reversal on the 1H chart.
The rejection from the right shoulder near $102 combined with the loss of trendline support signals that sellers are now in full control.
As long as price remains below the $97 neckline, downside pressure is expected to continue toward the $94 support zone, with the full pattern target sitting near $92.
Bulls need a fast recovery above the neckline to invalidate the setup
I’m excited to announce that I’m now a Brand Ambassador for AvaTrade!
Trade attivo
💠 #WTI (#USOIL) dropped to $94.78 and bounced from there. Let’s see if it presents another entry opportunityTrade chiuso: obiettivo raggiunto
📉🚨Following the news about a possible agreement between Iran and the United States, oil also opened with a strong bearish gap and hit both targets of our short position.🍎#WTI #usoil
📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.