bhowe

UWTI

Long
bhowe Updated   
AMEX:UWTI   None
Im buying into this rally in Oil. I see us in a half cycle consolidation right now with an upside target of $26. TSI is bullish with a zero line crossover.
Comment:
With AB+CD target hit, it may be time to think about selling. We have just started a new cycle so it maybe early, but based on what the original AB=CD target at least move stops up to protect gains.
Comment:
This trade is working out great. we have exceeded the AB=CD pattern and now how do we pick the top? I can see a move of 1.618% of the first move which would take us to $32

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