Short term speaking we're looking close to a bottom here at these levels. divergence, 3 wave correction, and possible crossover all signal buy right now. It will be interesting to see how Sunday night plays out, but I'll be looking at starting a 1/5 position at around the 42.60-80 area either Monday or Tuesday. If for some reason OIL gaps up or runs before open, I'll look at a close above 44 .90 to enter. If OIL falls bellow (and closes bellow) 42, this chart is scrap. GL
Total position now is 3/5. Not sure I'll be adding more as I'm more interested in catching the top for a short. Target for my long has now been reduced to 47-ish. GL and have a nice weekend.