Conoco had a massive 2 years topping pattern that tanked at 41.
Price is revisiting neckline
ideally if this is the topping HS, price will get rejected around neckline
58-62 will be a short region, wait for the wick, beyond 63 this HS becomes invalid or busted HS
final target back to 40 or lower
P.S. know your risk if you are shorting
Price is revisiting neckline
ideally if this is the topping HS, price will get rejected around neckline
58-62 will be a short region, wait for the wick, beyond 63 this HS becomes invalid or busted HS
final target back to 40 or lower
P.S. know your risk if you are shorting