Closing out on the Rising Wedge & Bearing divergence appearing. Likely continuation of downtrend.
Awaiting further confirmation as it tests the $50 resistance, to complete cypher pattern in the longer term. Possibly a swing trade & go long after cypher completes.
Bearish divergence earlier to complete cypher. Awaiting on reversal confirmation from the '764 or nearing the .258 support.
Further confirmation: waiting on USOIL further testing on $50 resistance & bearish divergence appearing as well.
Breaking the descending triangle. But watch out as USOIL is peaking out at 37.9 currently. Rendering a false breakout.
Enter 1.308xx
Target 1.30689-39
Feedback for improvement :)
