Oil Long Trade Meets Objective (Step by Step)

Oil today has broken out of it's balance that has been forming the last few sessions on decent volume. Today's highs tested a well established trend-line and was respected. The Blue dotted falling channel is well established also. There are 2 scenarios that can unfold here....1) Being oil rallies up, and tests the top resistence of the channel, and consolidations right underneigh it before breaking out. Which would form a slanted inverted head and shoulders pattern I.E. the consolidation period would = right shoulder and thats what I will be bidding into. Or scenario 2) It touches the top of the channel and falls hard back down to the lower support channel into the Island Reversal bottom which I will defend long....IMO longs want to see a test of the Island Bottom Reversal which lines up exaclty with the bottom support of the channel.