DWT
Follow Your Destiny, Wherever It Leads YouI dont really like waiting for Heiki Ashi to confirm a trade setup so i believe this is a very dangerous territory for oil bulls and a reversal is about to happen.
Better to keep trailing your stop losses because the monthly momentum is losing power...
SHORT OIL/ LONG DWTlooking for continuation in oil downtrend. strong buying in DWT past two weeks. Potential resistance in 33-34 area.
USOIL, Trade ideaUSOIL, looks to be starting final leg down. I can see a three drive to a bottom trade, with a low near $42. Enter short with DWT, DRIP or similar.
Potential H&S for USOILLooking for potential opportunity for USOIL. Completion of right shoulder may lead to ~52.30 before potentially rebounding.
