If I do decide to enter this one I'll let you know in advance as always, but I feel there may be better alternatives, it depends a bit on how you might want to allocate assets.
Thursday, August 7, 2014
USO Bounce Follow Up
I posted the probability of a USO Bounce yesterday, it's still not my favorite trade and probably not one I'll be entering, but it is looking even better.
The 1 min chart's leading positive divegrence makes it look like USO will bounce sooner than later.
The 2 min chart is very clean with a nice positive divegrence and reversal process.
As is the 3 and 5 min
The 15 min is also positive
And at 30 mins we have a very clean positive divegrence right at a range/reversal process.
If I do decide to enter this one I'll let you know in advance as always, but I feel there may be better alternatives, it depends a bit on how you might want to allocate assets.
If I do decide to enter this one I'll let you know in advance as always, but I feel there may be better alternatives, it depends a bit on how you might want to allocate assets.
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