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CoinedByCrypto
Jan 9, 2015 4:54 PM

UWTI bottomed? Long

Description

I'm long from 3.28
Only a small position as a start ...i could still be a falling knife.
Stoploss at 3.23

Safe trading ladies and gents!

BLawrenceM
Comments
Trailrunner
Do you have a target for this?
CoinedByCrypto
Sorry have been off keyboard so I'm see u'r message now . First of all...this what I see right now:
CoinedByCrypto
I will look for end of this small pattern in this area due to the structural resistance area to the left. It will need to digest the retrace back so I believe we'll see some consolidation here in the 3.50/60 area. On the other hand ... looking at the monthly chart - WTI/Crude is at an important junction and could make a bottom here and go north. But there is no indication of that yet other than it's looking good so far.
CoinedByCrypto
Have made a new chart: Take some profi here
tradingview.com/v/kHyWeDKI/
CoinedByCrypto
It's this pattern i'm looking for to repeat
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