AMEX:UWTI   VELOCITYSHARES 3X LONG CRUDE ETN LINKED TO THE S&P GSCI CRUDE OIL INDEX EXCESS R
This chart is no longer due. Pattern has panned out !!!

Possible IHS             is setting up on UWTI             with a possible target at the 3.78-80 ish             handle.


Remember neckline has to be taken out in a convincingly manner for the IHS             to be valid.

Safe trading ladies and gents!

@BLawrenceM


N.B.
If you like my charts you can get more updated by following me on Twitter
Wall St Scalper
I like your charts and think you're skilled at finding patterns. I do have one complaint about your charts, however. That annoying watermark that you leave on them in the background is distracting and tends to really clutter up any of your charts that have a lot of annotations to the point of not being able to discern everything that's being shown.

This isn't something that's unique to your charts. It seems that most people on this site keep the watermark in the background and I'm not sure why. I personally like to keep my charts clean and easy to interpret (for others as well as myself).
+1 Reply
JamesBrown PRO JamesBrown
2 years ago
To be clear, the watermark doesn't hurt this particular chart, as there's not too much "going on" in it. But when you have a gartley pattern highlighted with fibs extensions and written annotations on the chart, and then you have to read all that in front of a white back-splash of irrelevant information (that can be gathered from the left corner of the chart anyway), then it can become cumbersome.
+1 Reply
WallStScalper PRO JamesBrown
2 years ago
Thank you for your kind comment(s). I do understand the essence of what you are saying and fully agree. I like too a clean chart that tells the story intuitively.. The reason why I have left a watermark on the charts is due to, I use the charts on other medias where it's not so clear what securities I'm charting. I will try making it less cumbersome by making it darker or even remove it and see if I'm getting remarks the other way round. Again! Thanks for the cheers on my skills.
Reply
JamesBrown PRO WallStScalper
2 years ago
Thanks BlawrenceM. By all means, if the majority of your "audience" prefers the other way around, please for your own sake stick with it. I don't intend to have you cater to my preferences at a cost to you, just wanted to offer my opinion on what I consider to be constructive criticism.

I appreciate having your charting opinions and thank you for the effort to make this available to the public. Keep doing what you do!
Reply
WallStScalper PRO JamesBrown
2 years ago
I do indeed see it as constructive criticism and a help to get the charts more informative and clean.... so thanks again! Hope you - as I - have made some good money today. Best regards !
Reply
I'm about to take some chips of the table... but have a look at this 10 min chart. In a IHS the target zone after confirmed break of neckline is a minimum target. I could see it round a little further until the trendline for the two previous tops comes ind. Over all it's more a matter of how much you want to daytrade. I still have the longer term ABCD as target
snapshot
Reply
Back where it all began http://gyazo.com/7fbb9059edeb3a2c39288aadfeda9a4d This time around I see a break above resistens in the $53 handle
Reply
@UWTI A close above resistance and I firmly believe in the ABCD move straight ahead. I'll stay long http://gyazo.com/cfe2ed4d343eb64708087847c6d169d0
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out