Head & Shoulders in Crude Oil

Güncellendi
Crude oil futures (CL) is exhibiting head and shoulders bottom formation on the 4h chart. The price has broken out of the neckline.

It is best to wait for a retracement followed by continuation before initiating long positions. Measured move target: $78.20.
Not
No long entry as price broke down below resistance zone without giving long entry.
Chart PatternsCrude Oilhead_and_shoulderheadandshouldersformationTrend AnalysisCrude Oil WTIusoillongwticrudewtilong

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