Possible HS Top Forming in Crude?

Discussion in 'Technical Analysis' started by garbar, Jun 15, 2007.

  1. I see a huge inverse H&S pattern don't you?
     
    #11     Jul 23, 2007
  2. garbar

    garbar

    I didn't see that (possibly it's the bias I mentioned above) - but now that you point it out to me I can see what you mean. For me (and I'm a new chartist so forgive me if I'm ignorant) I would like to see a HS bottom reversal at a low price area but crude is at a multi year high thus not a bottom in my opinion. I thought HS patterns were valid as reversals after significant price declines.
     
    #12     Jul 23, 2007