West Texas Intermediate (WTI) possible short setup

WTI/USOil formed a large head and shoulders pattern. After the recent oil recovery which is actually a pullback, price action reversal patterns are forming at the neckline of the head and shoulders pattern which is also a supply zone followed by an impulsive downward movement of the price.

The recent recovery in price acts as a pullback of the head and shoulders pattern which can lead to a bigger sell off..