AMEX:UWTI   VELOCITYSHARES 3X LONG CRUDE ETN LINKED TO THE S&P GSCI CRUDE OIL INDEX EXCESS R
440 5 3
A follow up (dance)chart to my other bullish ones.

Here I see a potential ABCD setting up with a huge reward.
Notation on chart...but ..:
Entry at 3.56
Riding it to PRZ
Stop at 3.33
Safe trading ladies and gents

I'm not saying oil             stop at the 127.2 or the136.2 extension. It could go as far as the 161.8 - but I make no promises.
What I say is...take some chips off around the mentioned fibs.

Time will tell..... as always
@BLawrenceM
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TerryKinder PRO
2 years ago
I agree. Started buying UWTI at $2.56.
+1 Reply
WallStScalper PRO TerryKinder
2 years ago
Thanks for your comment!
Reply
Back where it all began http://gyazo.com/7fbb9059edeb3a2c39288aadfeda9a4d
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WallStScalper PRO WallStScalper
2 years ago
This time around I see a break above overhead resistance
snapshot
Reply
@UWTI A close above resistance and I firmly believe in the ABCD move straight ahead. I'll stay long http://gyazo.com/cfe2ed4d343eb64708087847c6d169d0
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