WTI Cup and Handle

WTI cup and handle

TP: Weekly bearish candle + Ichimoku Cloud resistance level

Daily noise: Wait for weekly close
Friday move + Monday moves + Stagnant during middle week

USO calls during dips in 30 min new support level

Comment:

HOU shares as well

Comment:

Careful of rising wedge and high daily RSI.
Took profits and might buy back at dump.

Comment:

Rejection at the top of the weekly Ichimoku cloud.
Watching weekly close but top might be in.

Comment:

Or a bull flag might be playing out for the next leg up

Trade active:

Perfect 20 day SMA bounce

Trade closed: stop reached:

Double doji weekly