Crude oil maybe forming a massive H&S top pattern.
It did the same thing before its 2019 collapse. It seemed unlikely to me that the 2019 H&S top would play out, but there it is.
Also see the reverse symmetrical triangle that was formed before its 2013 collapse. The more touches a symmetrical triangle has the more likely it will be a reversal rather than a continuation pattern.
If this pattern plays out, we will have a $40 target for crude oil.