/CL t.a. & set up $USO
similar pattern detected between figures A & B
potential long set up
potential margin of profit 17%
in general, patterns tend to repeat themselves, but that doesn't mean they have to.
entry signal: buy the bounce if price breaks above SMA200 & confirms SMA200 as new support
exit signal: when RSI becomes overextended @ RSI65-RSI70
stop signal any close below the SMA200, if uptrend confirms, convert to trailing stop @ any close below EMA21
potential long set up
potential margin of profit 17%
in general, patterns tend to repeat themselves, but that doesn't mean they have to.
entry signal: buy the bounce if price breaks above SMA200 & confirms SMA200 as new support
exit signal: when RSI becomes overextended @ RSI65-RSI70
stop signal any close below the SMA200, if uptrend confirms, convert to trailing stop @ any close below EMA21
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