same fibs from 45min Time frame (confirm sell signal) now do you see the 3hr buy signal? you can see the lower downtrend USOIL has been in, you can also see the descending triangle that was formed. It now appears oil is breaking out of that desc. triangle forming a large cup & handle. Sure the handle will be longer on the 3hr. But i will be buying and scaling into oil very very soon. Expect a retrace back to $50+ oil soon