ditch - Steve and I pointed one out a couple weeks ago and it's
been playing out, however at the time it was a slanted H&S,
however I still think that makes sense because then USOl sold off
on strong volume and broke the neckline and had a light volume
bounce which failed.
Of course the gap is still open below, and of course watch the
daily uptend line on crude
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USO
Posted by ditch on 25th of Jan 2012 at 09:14 am
USO has the look of a bearish H&S on a 60 min. and a Huge gap below.
http://screencast.com/t/GGPZ3eRRdQ
ditch - Steve and I
Posted by matt on 25th of Jan 2012 at 09:44 am
ditch - Steve and I pointed one out a couple weeks ago and it's been playing out, however at the time it was a slanted H&S, however I still think that makes sense because then USOl sold off on strong volume and broke the neckline and had a light volume bounce which failed.
Of course the gap is still open below, and of course watch the daily uptend line on crude