WTI (OIL) Hikkake with Pinbar Rejecting support zone

WTI (OIL) Price action created a Pinbar on daily chart rejecting the daily and weekly support zone. We can see a Hikkake pattern there, Hikkake with Pinbar. Its consolidating for few weeks in the support zone and now a reversal formation on daily TF. Price is likely to shift its momentum from here.

 

WTI (OIL) Daily