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nick.holland78
Apr 8, 2016 2:08 PM

USO - 30m Short

United States Oil FundArca

Description

Set-up is there. I'll refine in comments later, got to get my trade on!
Comments
nick.holland78
I'd like to see price turn down from below 10.11. (i)-(ii) pattern is technically valid below 10.80, but becomes far less probable over 10.11, followed by 10.41. I prefer to trade highly probable moves - not hopeful ones.
nick.holland78
Below 10.20 I'm not concerned. Above 10.40 I'm much less comfortable. Still determining how I want to layer in.
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