WTI H1: The Head and Shoulders pattern indicates a possible downward reversal

  • 3 weeks ago
  • Signals
  • 1 minute Read

The WTI chart is starting to show signs of weakness in the upward movement.
A Head and Shoulders pattern has been formed. As part of the development of this reversal pattern, a downward trend is expected to develop.
At the same time, the price may test the neckline again after some time.
At this time interval for WTI, trading recommendations suggest opening short positions.
📌 Entry: 55.85
✔️ First target: 54.62
✔️ Second target: 54.29
❌ Stop order: 56.80