chartmaster2000

Oil, The Bull within the Bull

chartmaster2000 Aggiornato   
TVC:USOIL   CFD Petrolio WTI
I love love love setups like this. What you see here is a classic symmetrical breakout from a classic cup and handle. Each with time frames of significance. Of course the more powerful move will be the Symmetrical triangle. The cup and handle however should give us our initial bottom trend line for this bull run set up. I drew an imaginary line to give and example of what I expect if this plays like it should. CLASSIC!
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BREAKOUT!
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Now that we have our trend line there should be a nice pullback to confirm the Breakout. It should occur near the new trend line and top of cup line.
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