Trade Idea SCO (Long)

SCO is an Ultrashort on Crude. It is probably a bit early to be buying, but I don't mind getting my toes wet and picking up a little in this area, I can always add to the position.

 SCO 5 min accumulation. There's a chance that the base grows in which case you can probably pick up some shares a bit cheaper, but like I said, I'm just getting my toes wet, not putting on a huge position, although I am leaving room in my risk management to add to the position.

 The 10 min chart looks good, in a positive leading divergence and note the flat trading range.

The 15 min chart probably has even more room to improve, but as it stands, it to has entered a positive leading divergence.