AMEX:UWTI   VELOCITYSHARES 3X LONG CRUDE ETN LINKED TO THE S&P GSCI CRUDE OIL INDEX EXCESS R
371 10 9
The pattern has been fulfilled ...out of market but looking for a potential short

On the monthly chart WTI has reached a 88.6 retrace (See link underneath)

I'm expecting some back and forth with the lady and tap dancing on the spot.

This possible bearish bat could turn into a crab instead... but follow the notations on the chart.

Take profit along the way

Safe trading ladies and gents!

@BLawrenceM

If you find my charts useful - consider following me on Twitter.
I do updates there on my TV-published charts and annonces quick scalp plays whenever found..
Bulls-eye
+4 Reply
WallStScalper QuantitativeExhaustion
Thanks!
+2 Reply
Pattern has been fulfilled... out
+3 Reply
Out of $CL_F http://gyazo.com/1261dbd46a1b27530b55faa3b51aaa1f
+2 Reply
2.19 could very well be a pit/pause
+1 Reply
WallStScalper WallStScalper
Very fragile lvl here ... if bearish bat then it needs to make a hh
+1 Reply
WallStScalper WallStScalper
Sorry meant bearish crab
+1 Reply
I'll give it 30 min to show strength at this 2.10ish handle .... but i'm ready to go bearish for the Bullish butterfly pattern if no move to the upside. See the picture above
+1 Reply
I'll take profit at open 2 min to go ...
+2 Reply
If we get the bearish bat a then we drop...this could come M for murder or a more poetic word...Bullish Butterfly:
+2 Reply
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