W&T Offshore, Inc.
Long

WTI - Tight Falling Wedge Consolidation in a Wider H&S Bottom

WTI This is a nice set-up I trade aggressively. The bigger picture is a wide base, Head & Shoulder bottom. First break of the neckline was a head fake, as usual, the consolidation following the fake out is a tight falling wedge. I buy an initial line here and load up aggressively on a 2nd break above the neckline. WTI

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