USOIL 4H
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USOILWTIUSDThe price is stuck in a schiff pitchfork, bouncing back and forth between three key price levels highlighted in black.
There is a head and shoulders pattern in the new pattern formed by price movements.
When the price closes its daily candlestick above the level of 123.19, this pattern can have a phony move. (Scenario No. 2) The price may collapse to the full head and shoulders pattern if it does not close above the level. (Scenario No. 1)
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CrazyS
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The price pattern worked correctly.
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