URI short term short
Updated
Would like to enter some short positions on URI and watch it go into c of 2, so that we can go for a very nice bullish setup there.
So plan is to wait for the little green box at the gann line, and then small short there, and flip to long at the larger green box down below. This trade would likely be a multi month one
So plan is to wait for the little green box at the gann line, and then small short there, and flip to long at the larger green box down below. This trade would likely be a multi month one
Note
Trade closed: target reached
Conservatively closed my short given it's up almost 100%Note
It gave us lots of opportunities to load up on the long side. I did so several times in the green box. Hope it works outNote
Granted, it went below the green box -- however it does seem ready now to charge upwards into the stratosphere. Fractal analysis followsNote
Last time it happened was end of 2014, and we saw a 33% rally from where the internals were last time, as they are now
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