WTI CRUDE OIL High probability buy above the MA50 (4h).

WTI Oil is trading inside a Channel Down since the September 27th High.
The price is now forming the Right Shoulder of a minor Inverse Head and Shoulders pattern that bottomed on the Lower Lows trend line of the Channel Down.
This is formation technically aims at pricing the new Lower High at the top of the Channel Down.

Trading Plan:
1. Buy the moment a (4h) candle gets closed over the MA50 (4h).

Targets:
1. 80.50 (which is the 1.382 Fibonacci extension, as the previous Lower High was priced. Also it's the MA200 4h and top of the Channel Down).

Tips:
1. The RSI (4h) is forming the exact same pattern as the previous bottom from October 6th to 12th. Once it re-crossed over its MA line, the spike that priced the top started.

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Notes:
Past trading plan: