(short in progress) week20 Brent Crude D1 topping out, ready for bearish trend resumption


A resistance confluence is found in Brent Crude. It may be ready to rejoin the 2 years bearish downtrend.

week20 brent crude d1 trappedtraders 100516


A head and shoulders is formed from the resistance confluence. The neckline was broken from yesterday’s bearish trappedtrader signal. Price is ready to move downwards.

week20 Brent Crude h4 neckline broken 100516