This is a beautiful price action that has many confluences that support Selling Oil. Firstly, we have a clear head and shoulder pattern on H4 which indicates a sell is imminent. Secondly, we have a huge bearish engulfing candlestick on H4 that signals the bears are taking over. Last but not least, we have price in the golden zone 61.8 of the Fib - an area that is well known to see price reaction.