Oil is perhaps building a scale invariance pattern .
On the left, the daily chart starting to form an inverted H&S lying on the 200 DMA, the neckline of which is approximatively the 20 DMA.
On the right, is the 5 min. chart, presently showing the second shoulder which is itself an inverted H&S, the neckline of which is approximatively the 200x5 min. MA.
WARNING: The pattern is not yet confirmed, it will be over $100/bl
Scale invariance is a typical feature of non-linear systems.
On the left, the daily chart starting to form an inverted H&S lying on the 200 DMA, the neckline of which is approximatively the 20 DMA.
On the right, is the 5 min. chart, presently showing the second shoulder which is itself an inverted H&S, the neckline of which is approximatively the 200x5 min. MA.
WARNING: The pattern is not yet confirmed, it will be over $100/bl
Scale invariance is a typical feature of non-linear systems.
Not
Pettern invalidated @ 19:30The larger inverted H&S stays in play
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.