VEN prepared for takeoff

Cup and handle formation on 30min chart and falling wedge pattern on the 1D chart 9 period EMA has crossed above the 20 period EMA for both the 30 min and 1D charts as well as failing to fall below the 100 period EMA on the 1D chart convincingly before bouncing back above it signaling a bullish trend on both the short and long term. If this bull trend breaks the .5 fib resistance level on the 1D chart convincingly we will enter into a reversal from bearish to bullish in the long term.