CL OIL HEAD AND SHOULDER BEARISH SETUP
Hello traders it seems like Oil may be taking a bearish turn
here are our bearish clues :
- Break in market structure ( Failed to create a higher high , which indicates that the trend may be reversing) .
- Bearish RSI divergence (Higher Highs on price but lower highs in RSI indicates that buyers are loosing strenght).
- Classic Reversal pattern Head And shoulder in formation
Confirmation : Neckline Break + Retest
Keep in mind that this week is very action packed so be sure to check the fundamentals before entering.
this is my humble opinion not financial advice
here are our bearish clues :
- Break in market structure ( Failed to create a higher high , which indicates that the trend may be reversing) .
- Bearish RSI divergence (Higher Highs on price but lower highs in RSI indicates that buyers are loosing strenght).
- Classic Reversal pattern Head And shoulder in formation
Confirmation : Neckline Break + Retest
Keep in mind that this week is very action packed so be sure to check the fundamentals before entering.
this is my humble opinion not financial advice
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