UUUU expecting more downside

Oct 23

As long as price remains within the 24–26 local zone, the odds, in my view, favor a continuation lower in the coming weeks — first toward the 16–14 area and potentially later toward 12.

Chart:
Weekly view:

Previously:
• On upside potential (Jul 16):

Link: https://www.tradingview.com/symbols/AMEX-UUUU/minds/?mind=dyyv-RYEQiq0hGV8X_3btA

• On bullish trend structure (Jun 6):

Link: https://www.tradingview.com/symbols/AMEX-UUUU/minds/?mind=J4qHVVTzQBeH7w05p8D2zg

8 hours ago

Note

UUUU
Still looking for more downside into the 50dMA. Updated support levels to 17–15.5–14.

Chart: