LEVERXYZ

$USO rising wedge on HTF

Short
AMEX:USO   United States Oil Fund
No financial advise, always DYO Home work.

Naked charts, simple PA bearish bias on 3D:

- Rising wedge forming
- Volume dropping and price raising (no bueno)
- Gapped candles within the wedge. You know the rules: gaps must be filled
- Retesting important fractal (red box). Clean break through this fractal may invalidate current TA.
- Major liquidity pool below Lower Low ($7.67)
- I don't follow news, strictly PA. So major news releases may also invalidate current TA.

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