OIL, Can continue up move

I think that OIL can move up because:

1. Every low is higher (good techical signal)
2. Price broke up a key level $53.30 and closed above
3. Middle - term trend is up.
4. Head and Shoulders pattern

Commentaire:

1-hour chart view
Price is so close to a Buy zone

Commentaire:

Price is near key level, wait on confirmation

Commentaire:

I wait on 4hours candle confirmation

Only if it will close above key level, that will be buy signal

Trade fermée manuellement:

4-hour candle close under key level. I didn't open entry because the price didn't confirm it.