Should this scenario on the USO 60-minute chart play out as I’d expect, that would confirm the current active short trade on XOP / GUSH. 60-minute charts:

note: USO is not an official short trade idea although it will appear listed under that category as this post has been tagged with the USO ticker symbol along with XOP & assigned to the Active Short Trade & Short Setups categories. XOP & GUSH are still categorized as Short Trade setups because they still offer an objective short entry following today’s backtest of the recently broken uptrend line.