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USOil in developing its right shoulder, prefer to short lately

USOil in developing its right shoulder, prefer to short lately

There is a forming H&S for USOil -0.23% currently; the right shoulder is still in forming so due to our value areas calculation since Q1 2018 up to now. Probably USOil -0.23% will make a further fall to the lower value area in Q1 2018/ the mid thereof and from there a bounce is likely to occur; but the price level at 67.2x should be a resistance zone for a price bounce. At this level, look for further PAs to confirm a short.

trade well!

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USOil in developing its right shoulder, prefer to short lately by NamMinh on TradingView.com

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