I wish I had posted the work I had on this thing for the bullish move up from the 17th, but here we are at a date my dowsing gave me and a nice move up right into it.
I expect there to be a 5 point retracement and target is $68.50.
There could be another little pop on it, but it's a sell. I'll look for another date later. For now, it should go down as dowsing said "continues down", "trade entry", "waterfall", "new weekly low", "end of bull market". The last one can mean just temporarily. Now you know some of the attributes of my work. Let's see what happens!
I expect there to be a 5 point retracement and target is $68.50.
There could be another little pop on it, but it's a sell. I'll look for another date later. For now, it should go down as dowsing said "continues down", "trade entry", "waterfall", "new weekly low", "end of bull market". The last one can mean just temporarily. Now you know some of the attributes of my work. Let's see what happens!
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this is working now, but was (again) a bit early.
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THis morning I get that this is a bull trap in oil and looking for a new low.
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Oil new hod, but my dowsing says "breakdown".
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Ok, I started getting nervous on this thing and almost scrapped it until I started getting more clarity cuz that bullish intraday energy was skewing things. Not to mention I had today as a "date" for a potential swing lo and buy.
After working on it, I'm getting that today is a swing high and we're looking for a 6% move down (from yesterday's closing price). That's fairly convenient because it takes USO to $67.19, and my original target is 68.50ish.
SO, it's basically topping out I believe. However, this had some mixed messages and may be off base completely. Just manage your risk and good luck!
Be careful when we get into the 68 zone if we do make it there, then look long because I had higher targets when I worked on this thing weeks ago.
After working on it, I'm getting that today is a swing high and we're looking for a 6% move down (from yesterday's closing price). That's fairly convenient because it takes USO to $67.19, and my original target is 68.50ish.
SO, it's basically topping out I believe. However, this had some mixed messages and may be off base completely. Just manage your risk and good luck!
Be careful when we get into the 68 zone if we do make it there, then look long because I had higher targets when I worked on this thing weeks ago.
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I don't like this. It shoulda broke more than the one day. It's going up to $75.77 and then go down. I'll try again when it gets up there.