USO Wedge Breakout Analysis
Live breakout scanner data · Updated every 10 minutes
B
BULL
ETF · Oil
USO is currently showing a bullish wedge compression on the 30-minute timeframe, graded B by the UnxEdge scanner. The current breakout level is $121.74, currently 1.83% away. This pattern has shown a 7.0x profit factor across 8 backtested trades.
Current Setup
Close$119.51 -1.62%
Breakout Level$121.74
Distance to Level1.83%
RVOL0.2×
Pressure83
PatternChannel
Trade Plan
Entry$122.07
Stop$121.27
TP1$122.87
TP2$123.67
TP3$124.47
Chart
Backtest Performance
Win Rate
88%
Profit Factor
7.00x
Avg R
+0.75R
Trades
8
Recent results
| Date | Side | Grade | Entry | Stop | Target | Exit | Result | R | Bars |
|---|---|---|---|---|---|---|---|---|---|
| Jun 30 | BEAR | A- | $106.04 | $106.57 | $105.51 | $105.51 | WIN | +1.00R | 6 |
| Jun 24 | BEAR | A- | $109.83 | $110.46 | $109.20 | $109.20 | WIN | +1.00R | 2 |
| May 27 | BEAR | A- | $135.47 | $136.67 | $134.27 | $134.27 | WIN | +1.00R | 2 |
| May 14 | BULL | A- | $142.63 | $141.96 | $143.31 | $141.96 | LOSS | -1.00R | 2 |
| May 4 | BULL | A- | $145.94 | $144.57 | $147.31 | $147.31 | WIN | +1.00R | 2 |
| May 4 | BULL | A- | $144.19 | $142.42 | $145.96 | $145.96 | WIN | +1.00R | 2 |
Recent Setup History
| Date | Grade | Side | Breakout | Dist | Pressure | Resolution |
|---|---|---|---|---|---|---|
| 2026-07-16 | B | BULL | $121.74 | 1.45% | 83 | — |
| 2026-07-16 | B | BULL | $121.74 | 1.45% | 84 | — |
| 2026-07-16 | A- | BULL | $121.74 | 1.45% | 86 | — |
| 2026-07-16 | B+ | BULL | $121.74 | 0.85% | 83 | — |
| 2026-07-16 | B+ | BULL | $121.74 | 1.50% | 84 | — |
| 2026-07-16 | B+ | BULL | $121.74 | 1.69% | 80 | — |
| 2026-07-16 | B+ | BULL | $121.74 | 1.45% | 73 | — |
| 2026-07-16 | B+ | BULL | $121.74 | 1.21% | 76 | — |
| 2026-07-15 | A- | BULL | $120.78 | 0.03% | 78 | — |
| 2026-07-15 | A- | BULL | $120.73 | 0.04% | 80 | — |
Bot Activity
No bot trades on USO yet.
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