CoinedByCrypto

Bearish butterfly in UWTI

Long
AMEX:UWTI   None
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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.