andberg
Short

20150916 USOIL flag continuation?

FX:USOIL   Crude Oil (WTI)
41 4 6
flag area

comments are welcome
Hey Andberg, where are you saying we are short from? I'm still hoping for the pop to 49.
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andberg PRO smitheric1970
snapshot
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there is 2 pitchforks that may take our attention, first one from Anchor point outside picture is 107.64$ 20140609 connecting to swing low 42.01 20150318 and to swing high 61.54$ 20150624 follow that upper median parallel making first resistance, we are actually just Under it since 3am this morning. Second pitchfork is from Anchor point 54,21$ 20150203 to SL 42.01 to SH 62.56$ 20150506, the medianline is making another resistance never broke in actual flag formation. theory about pitchfok say that 80% of time when price touch line it will reverse until next line wich is in this case could be lower median line parallel and major trending line and support at 37$ area. In conclusion,FULL bullish over the flag, bearish Under medianline, VERY bearish Under the flag
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Good Call, not sure why I'm not in it yet =)
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