no matter how long you watch chart patterns for, and no matter how inate you think your ability is to read the market sometimes it fools you. Sometimes you think you know the market, sometimes you dont. Its like an elusive woman that you have been dating. changes yet quintessentially remains the same.
Targeting price inside the yellow circle
I feel price will end up in the yellow circle i bought UWT @ 13.26 300 Shares will exit at 14.00 live trade. Hopefully russia doesnt make any dumb statements that will affect oil prices.
So im a pretty firm believer about a recursive market happening here. We are creatures of habit doing the same thing over and over. This type of behavior is demonstrated in the market because the same patterns happen over and over. Probably because the same key players seldom leave right?
This is just what i feel may happen, we are all trying to profit and...
at a glance. i tried a robust analysis with the first chart. no pattern is ever really exact. but the market is recursive and has symmetry. you just have to find it.
typical pattern ive recognized. typically i sit back and wait and watch. im not perfect and sometimes im sloppy. dont follow my ideas. i felt price was going to move lower and i should not have posted so many charts. you hang yourself as an analyst when you make too many calls that are inaccurate or half assed that involve no reason.
