Getting our clean break below the Head and Shoulders neckline today as markets sell-off...
This H&S pattern in Crude was very helpful in anticipating a broader stock market pullback given the high correlation between Crude and Stocks this year.
Given the large H&S pattern we're selling off from here, and the long-term 200 & 50-day MAs in a downtrend, this sell-off in crude could continue for a while.
This H&S pattern in Crude was very helpful in anticipating a broader stock market pullback given the high correlation between Crude and Stocks this year.
Given the large H&S pattern we're selling off from here, and the long-term 200 & 50-day MAs in a downtrend, this sell-off in crude could continue for a while.