I still see the US30 going down to 2016 November numbers. There was a week that month (I will let you guess) where price gapped up. I still believe that will fill. We will go there now? No, more than likely not, but we are on the way there now. I bet! It's all about finding a good entry in. I SEE a dirty rising wedge . Which means to me, that price will fall, EVEN THOUGH price is moving upward.
Price has come up enough to close a weekly gap (I believe weekly) that was formed. How low can price go? I don't know, but I'm looking to get in for the ride.
THIS is going to be my money maker right here. Using .01 lot sizes. I'm going to catch a nice swing down. While I am building equity, I need to build my balance. I need to be mindful that these first 2 wks I only need to keep my account alive, and I need to turn my emotions off, get the VA out of my head.
Big news week, so using proper risk will be key. One entry to start. After that, buy the pull back, and enjoy the ride down.
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