USO 1yr 2hr wedge range bound continues

Looks like we can take another stab at the range bound wedge run.

It is getting fairly tight - faked out once so far to the downside. Lots of volume on here and usoil             futures , could be indicative of a bottom for the down trend, not going to look too deep into it since we know how many bs contracts are open.

Possibility of a rough head + shoulders which would confirm the range bound price action. Setting up a position short here earlier than shown ~10.93 then will add on as shown in the chart.
Trade active: 11.30 short position SL @ ~11.60
Comment: I really want to hold past fed day - still on the fence to stopping out
Comment: Still holding this
Trade closed: target reached: Back at the bottom of the wedge. Most efficient way to play it now is to sell puts to get called into a long position if it breaks out down.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out