CL OIL HEAD AND SHOULDER BEARISH SETUP

Hello traders it seems like Oil may be taking a bearish turn

here are our bearish clues :

- Break in market structure ( Failed to create a higher high , which indicates that the trend may be reversing) .

- Bearish RSI divergence (Higher Highs on price but lower highs in RSI indicates that buyers are loosing strenght).

- Classic Reversal pattern Head And shoulder in formation

Confirmation : Neckline Break + Retest

Keep in mind that this week is very action packed so be sure to check the fundamentals before entering.

this is my humble opinion not financial advice