BOREARIS

WTI Crude Oil Inverse head & shoulders 1 hour

WTI Crude Oil 1 hourConfirmed Oct 08, 15:00 UTC+8
LSNHNRSConfirmedClosedTarget 94.3693.75Confirm 90.33Neck 90.10Invalid 87.30━ MA20 + Bollinger Bands ━ MA50 1 hour70503062.10━ RSI ━ 9MA00.55━ MACD ━ MACD Signal10/01 16:0010/05 10:0010/07 03:0010/08 21:0010/12 15:0010/14 09:00
LSNHNRSConfirmedClosedTarget94.3693.75Confirm90.33Neck90.10Invalid87.30━ MA20 ━ MA5070503062.10━ RSI ━ 9MA00.55━ MACD ━ MACD Signal05 23:0008 14:0013 04:00

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Inverse head & shoulders: Target hit

Target94.36
Confirmation90.33
Invalid at87.30
Move+4.42%

Timeframe1 hour
ConfirmedOct 08, 15:00
ClosedOct 14, 09:00
Duration139.0 h
Reward / risk1.33

What this tells you

Three lows with the middle one deepest; a break above the neckline often signals the end of a decline.

Check it on the live chart

← All chart patterns · Other patterns for this market · Key levels and research for this market · How to read patterns

Swing points

PointTime UTC+8Price
Left shoulderOct 02, 22:0087.38
NecklineOct 03, 02:0091.04
HeadOct 06, 20:0086.31
NecklineOct 07, 21:0090.29
Right shoulderOct 08, 01:0087.42
ConfirmationOct 08, 15:0090.33

Recently closed Inverse head & shoulders patterns: 4 in total, 2 reached the target first (50%), 2 were invalidated and 0 expired (small sample). Results by pattern →

Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.

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