Both of these charts are timefames that usually predict a swing move pretty well, so I'd think we'll see some upside from here, whether "v" shaped or "u" shaped.
Thursday, February 17, 2011
USO Follow Up
Here's Yesterday's afternoon commentary on USO and here's where we stand now...
In the white box we have 2 candlestick reversals, a Harmi and Tweezers Bottom, volume was also up which often accompanies a reversal. Today we have a gap up; so far so good.
The 15 min. 3C chart
10 min 3C chart.
Both of these charts are timefames that usually predict a swing move pretty well, so I'd think we'll see some upside from here, whether "v" shaped or "u" shaped.
Both of these charts are timefames that usually predict a swing move pretty well, so I'd think we'll see some upside from here, whether "v" shaped or "u" shaped.
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