AMEX:UWTI   VELOCITYSHARES 3X LONG CRUDE ETN LINKED TO THE S&P GSCI CRUDE OIL INDEX EXCESS R
314 7 5
First of all Bull flag!

Many E-wave combinations right now .... this is though what I see the most ... "We're going higher" testing red overhead resistance

So the chart is subject to changing wave count! Not altimate count!

Have to clear EMA 34 and the the sky is open for the test, but price will maybe stay there for ½ to 1 hour before ema13 have moved closer to a cross over. Price can even retest the blue line again! So nothing for sure ... but my best guess right now.

Positive divergens on RSI and AO indicator

Safe trading ladies and gents!
@BlawrenceM

Music at work:
https://www.youtube.com/watch?v=G_gQMdLfOPM
http://open.spotify.com/track/3Md7qowLYkENB9jzMQByFj
Notations on chart
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littleriver WallStScalper
Here is my 5 min it shows no movement on longer %Rs . Only shorter time frame is moving. This suggest move up is not yet in play.
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Back test of wedge and a 61.8 retrace
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The is a chart of the real commdity Light sweet crude or USOIL Back test of wedge formation
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littleriver WallStScalper
Here is what I have . Little H/S looks played out.
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Need to hold the 3.26 handle or bull flag in jeopardy
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also Inverted H&S on 15 min chart USOIL
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