Crude Oil's Topping Pattern

Crude Oil's Topping Pattern

One of the few interesting patterns I see cooking right now is , which on an intraday basis, has an extremely well-formed top.

Crude Oil

Crude Oil

If this pattern behaves itself, the target setup is about 55.25, where I’ve drawn that green tint.

Crude Oil's Target

Crude Oil’s Target

(Why?)

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