A reversal pattern appeared at an important zone with OIL
H4 time frame.
Structure: Downtrend.
After the price rose to the important Key level of 70.00, there is now a head and shoulders - reversal pattern.
Now waiting for the price to clearly break this reversal pattern or break the Key level up move at the price of 67.000, we can find selling opportunities.
The profit target is the 62.000 zone.
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Wish you all have a good trading day!
Structure: Downtrend.
After the price rose to the important Key level of 70.00, there is now a head and shoulders - reversal pattern.
Now waiting for the price to clearly break this reversal pattern or break the Key level up move at the price of 67.000, we can find selling opportunities.
The profit target is the 62.000 zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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