Long
USOUSD Swing LONG ( Bullish Pennant)
$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
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.