USOIL is currently in a bear pennant pattern. Will it continue this bearish trend? This is an excellent short entry point because you can create a tight stop loss. See chart for target and risk/reward ratio! Use trend lines to set alerts. If the bulls breach the resistance trend line, then close your short position
Trade active
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Reversing position to Long Still have tight stop loss
I will go long at 60.20, close at 63 or 64 then short to 55.
UnknownUnicorn8495492
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no. Long
Craig_Claussen
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@chabertpersonal, The beauty of the setup isn't so much the direction. It's the fact that you can setup a tight stop loss no matter if you are are long or short.