WTI Crude Oil 4-hour chart: Inverse H&S
A inverse h&s on the WTI Crude Oil 4-hour chart, bullish. The video shows how to spot it, where to enter and where the stop and target go.
- Pattern: Inverse H&S (bullish)
- Entry 94.26, stop 89.79, target 100.47
Full transcript
Crude oil just closed above the line that mattered.
October 13, this is crude oil on the four-hour chart, and an inverse head and shoulders confirmed yesterday.
That pattern is three lows, with the middle low deepest and the two outer lows higher and roughly level.
Connect the two highs between them to draw the neckline. It only confirms on a close above that neckline, which happened at 93.74.
The measured target is 100.47, and the invalidation level is 89.79. A close beyond it cancels the pattern.
The setup is still in play. Neither level has been hit yet.
A pattern never guarantees its target, and the same shape fails just as often.
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AI-voiced; written and reviewed by the Borearis Research Team. For education only, not investment advice. Trading involves risk.