I see a few comments about a cup and handle pattern but to my...

I see a few comments about a cup and handle pattern but to my understanding this type of pattern is a continuation pattern and does not apply here as SHV was trending down prior.
However a saucer pattern which comes after a downtrend is the most likely culprit. It is usually associated with a major trend reversal which is good for us!
The initial buy was above 5.5. It didn't quite make it to the prior support now resistance of $8 as profit taking came in. I think the next run we will see $8.
Only thing I don't like is the increasing sell volume although I'm hoping its associated with the Brits and end of year selling.