I have seeked a possible short opportunity in USOIL.
Follow this orientation of Lower Lowers. I was able to uncover a possible short opportunity. This is a long term trading idea. Oil has presented evidence of low bullish activity. I believe seller will climb aboard to drive the price down from this point. Oil news information are to be kept on tight radar.
Equaled measured moves is what was used to predict the next price.
A few key things of evidence is trend. Consolidation. And volume.
SL 49.94 Entry 48.96
Follow this orientation of Lower Lowers. I was able to uncover a possible short opportunity. This is a long term trading idea. Oil has presented evidence of low bullish activity. I believe seller will climb aboard to drive the price down from this point. Oil news information are to be kept on tight radar.
Equaled measured moves is what was used to predict the next price.
A few key things of evidence is trend. Consolidation. And volume.
SL 49.94 Entry 48.96
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This idea is rather old. but as a swing idea. it would be following suite nicely.
