BITTREX:USOUSD
USO having retraced down from its high at resistance above
its uptrend until bouncing off a retriacement Fibonacci
level is now poised to rebound up until at least hitting
the respective Fibonacci levels of that move. This
appears to be a bullish pennant now ready for
a continuation / breakout.
I see an immediate term upside of 10% and will set a
stop loss of 1 % making for a reward of 10X
USO having retraced down from its high at resistance above
its uptrend until bouncing off a retriacement Fibonacci
level is now poised to rebound up until at least hitting
the respective Fibonacci levels of that move. This
appears to be a bullish pennant now ready for
a continuation / breakout.
I see an immediate term upside of 10% and will set a
stop loss of 1 % making for a reward of 10X