Double Bottom and Historical Highs: Marathon Petroleum Consolidates Below Resistance

Marathon Petroleum Corp is in week 3 of a buy signal built on a daily double bottom in the 211/219 area, with price now hugging historical highs. The setup quality indicator reads 68 out of 100, in tension; signal strength is medium at 55 out of 100. The stop has already been moved to breakeven: trade risk is zeroed out.