3309 Drysdale Ct
Edwardsville, IL 62025
Is that a rising wedge pattern on the daily/1 one year chart or a triangle ? I find it hard to tell.Thanks
Thanks for the response and analysis !
It looks like a rising wedge on the daily. When you step back to the weekly then you see it appears to be the third in a series of bear flags since April. Either way calls for the possibility of more downside to come.
johnc - here's my USO chart from the weekend commodity newsletter, same pattern since then
OK, I see it. But... I still like my view. Guess we'll see how it plays out
Yep can be drawn that way for sure
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USO
Posted by meaghan on 14th of Sep 2011 at 01:11 pm
Is that a rising wedge pattern on the daily/1 one year chart or a triangle ? I find it hard to tell.Thanks
uso
Posted by meaghan on 14th of Sep 2011 at 02:19 pm
Thanks for the response and analysis !
It looks like a rising
Posted by johnc on 14th of Sep 2011 at 01:51 pm
It looks like a rising wedge on the daily. When you step back to the weekly then you see it appears to be the third in a series of bear flags since April. Either way calls for the possibility of more downside to come.
johnc - here's my USO
Posted by matt on 14th of Sep 2011 at 01:54 pm
johnc - here's my USO chart from the weekend commodity newsletter, same pattern since then
OK, I see it. But...
Posted by johnc on 14th of Sep 2011 at 02:11 pm
OK, I see it. But... I still like my view. Guess we'll see how it plays out
Yep can be drawn that
Posted by matt on 14th of Sep 2011 at 02:15 pm
Yep can be drawn that way for sure