USOUSDSpot crude oil is showing a megaphone pattern on the 4H chart.
This suggests increased volatility due to buyer/seller indecisiveness especially
when the price action is near the upper and lower lines as well
as the midline. The link below goes to a tutorial on how
to trade a megaphone pattern.
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.