USOUSD Swing LONG ( Bullish Pennant)

BITTREX:USOUSD

USO having retraced down from its high at resistance above

its uptrend until bouncing off a retriacement Fibonacci

level is now poised to rebound up until at least hitting

the respective Fibonacci levels of that move. This

appears to be a bullish pennant now ready for

a continuation / breakout.

I see an immediate term upside of 10% and will set a

stop loss of 1 % making for a reward of 10X