WTIC
Looking for a bounce here but not getting married to the upside, be on your toes as everyone is bearish oil and the bounce may surprise.
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POSTING INFORMATION
So much clutter its hard to see any point you may be making, if any.
That’s exactly what I stated in the first sentence and an apology if it was “cluttered”. The “point” if it was not clear enough is that it looks like a bounce here is likely but there is a Wolfe wave in play so don’t get married to the upside. Is that more layman for you? I will try to post more 97% HnS formations for you in the future.
Why do you think there is going to be a bounce here soon. It is not at all clear from your chart.
What evidence do you present to back up your “point” other than opinion is what I am asking.
Price (from what I see also on shorter term charts not posted) has hit some formidable support in my opinion with the trend off of the August high and the 200MA. I should clarify that I don’t expect more than a couple day reversal which could be a good point to pile on shorts for anyone looking for an entry which is why the Wolfe wave is referenced for a PO, this is all conjecture though as it really doesn’t matter what I think. Thanks for the feedback.