Short the Bat, Long the 2618 // IF=THEN ®

That's what we have in 30 min timeframe... for USOIL

IF the price bounces up from previous support, now resistance, breaking the previous structure, we can expect an upward movement, eventually completing the BAT pattern, forging a new and friendly Short opportunity.

The second target from BAT pattern, the 61.8% retracement from AD after the double bottom formation, takes us to a new buying opportunity (technically) eventually to break previous structure highs.

To keep alert and carefully.

Check previous published idea (The Crab on daily chart):

Check Advanced Patterns ratios: