AMEX:UWTI   VELOCITYSHARES 3X LONG CRUDE ETN LINKED TO THE S&P GSCI CRUDE OIL INDEX EXCESS R
348 1 1
Have to surpass the 78,6 and the 88,6 retrace mark for becoming a bearish butterfly .

I have taken ½ of my position off here and let the other ½ run for the butterfly top.

I have an EW count on the chart as well. It does give guidance directly for the high but could become the case due to the 3rd wave will not be the shortest looking at the price action so far.

Safe trading ladies and gentlemen!

@BLawrenceM
Had to post before it was to late so this is the updated chart I have also alted the text above
snapshot
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