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asiansupermarket
Apr 23, 2017 9:26 PM

USO - 1yr 4hr last shot in the wedge Long

United States Oil FundArca

Description

There's not much room left to trade in this range for "quick" trades. We can hit one last one with 2:1 risk/reward.

I have been opening a half short position at the top of the range after closing out the long to profit as much as possible off this pattern.

Looking at past summers and this wedge I can be optimistic for a big move.

Trade active

Trade closed: stop reached

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