HAWHISH OIL BIAS

Last week oil made a bullish impulse from 9200.0 to 10800.0 breaking resistance level looking at it from the daily TF. On the retest of the broken resistance turned support which is in confluence with the 38.2% of the fib pulled on the impulse, price created a potential inverse head and shoulders looking at it from the 4Hr TF. On the formation of the right shoulder we can scale down to the smaller TF to look for entry with to at 11400.0.