Head and Shoulders on XOM

Xom has a fairly symmetrical potential head and shoulders that has formed here. With recession fears and war most stocks plummet temporarily. I would have thought the stock would look more bullish with war on the horizon but short term it looks like more downside. This could be because of the record earnings these company had last year, very hard to beat those expectations and revenues have crashed the last several quarters. RSI remains on a downtrend, and 100 day SMA has been lost.