Possible move on crude ETN UWTI sill in store4th wave ongoing and 5th still in store.
The 5th wave came but most of the action happen before market opened. It went as fare as to 4.00.
UWTI
Bearish butterfly in UWTIHave to surpass the 78,6 and the 88,6 retrace mark for becoming a bearish butterfly.
I have taken ½ of my position off here and let the other ½ run for the butterfly top.
I have an EW count on the chart as well. It does give guidance directly for the high but could become the case due to the 3rd wave will not be the shortest looking at the price action so far.
Safe trading ladies and gentlemen!
@BLawrenceM
UWTI bottomed?I'm long from 3.28
Only a small position as a start ...i could still be a falling knife.
Stoploss at 3.23
Safe trading ladies and gents!
$BLawrenceM
