Head & Shoulders in Crude Oil

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Crude oil futures (CL) is exhibiting head and shoulders bottom formation on the 4h chart. The price has broken out of the neckline.

It is best to wait for a retracement followed by continuation before initiating long positions. Measured move target: $78.20.
注释
No long entry as price broke down below resistance zone without giving long entry.
Chart PatternsCrude Oilhead_and_shoulderheadandshouldersformationTrend AnalysisCrude Oil WTIusoillongwticrudewtilong

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