Comments on: DWT Swing Trade Idea https://rightsideofthechart.com/dwt-swing-trade-idea/ Stock Trading, Investing & Market Analysis Thu, 24 Jan 2019 19:03:55 +0000 hourly 1 https://wordpress.org/?v=7.0 By: zivs https://rightsideofthechart.com/dwt-swing-trade-idea/#comment-5610 Tue, 22 Jan 2019 19:39:39 +0000 https://rightsideofthechart.com/?p=189411#comment-5610 In reply to Dan.

Yep, it did quite nicely. It actually blew through it and offered an even better objective entry with CL sandwiched between a bunch of EMAs on the hourly. I didn’t take it … in fact it broke down pretty impulsively when UWT/CL found some pretty crazy support and is bouncing HARD but this may yet offer another objective entry.

]]> By: Dan https://rightsideofthechart.com/dwt-swing-trade-idea/#comment-5606 Tue, 22 Jan 2019 18:35:36 +0000 https://rightsideofthechart.com/?p=189411#comment-5606 The swings in price on this are Bitcoinish type lol

]]> By: nswenson520 https://rightsideofthechart.com/dwt-swing-trade-idea/#comment-5605 Tue, 22 Jan 2019 18:24:14 +0000 https://rightsideofthechart.com/?p=189411#comment-5605 In reply to rsotc.

Thank you Randy! A little late entry for me, but got in on the pull back to 52.63.

]]> By: Dan https://rightsideofthechart.com/dwt-swing-trade-idea/#comment-5603 Tue, 22 Jan 2019 16:16:13 +0000 https://rightsideofthechart.com/?p=189411#comment-5603 In reply to zivs.

Looks like its coming back or came back pretty close to your reentry target

]]> By: zivs https://rightsideofthechart.com/dwt-swing-trade-idea/#comment-5602 Tue, 22 Jan 2019 15:57:33 +0000 https://rightsideofthechart.com/?p=189411#comment-5602 In reply to rsotc.

Alright, thanks for the objective breakdown. Agreed, that breakdown of crude was very impulsive. Still got a ways to fall without a lot of consolidation outside of that $51-52 range. I may just sit this one out and if we get the backtest then take it otherwise plenty of other opportunities.

]]> By: rsotc https://rightsideofthechart.com/dwt-swing-trade-idea/#comment-5601 Tue, 22 Jan 2019 15:52:29 +0000 https://rightsideofthechart.com/?p=189411#comment-5601 Here’s the updated 60-minute chart of /CL showing the impulsive breakdown that occurred since the previous chart was posted earlier today:

]]> By: rsotc https://rightsideofthechart.com/dwt-swing-trade-idea/#comment-5600 Tue, 22 Jan 2019 15:50:02 +0000 https://rightsideofthechart.com/?p=189411#comment-5600 In reply to zivs.

I don’t think that crude is going offer anyone another shot via a backtest but if by chance it does, yes, that would be an objective entry.

]]> By: rsotc https://rightsideofthechart.com/dwt-swing-trade-idea/#comment-5599 Tue, 22 Jan 2019 15:48:27 +0000 https://rightsideofthechart.com/?p=189411#comment-5599 In reply to mjf100.

USO support levels (unadjusted price targets) are 10.69 & 10.54. G-luck!

]]> By: zivs https://rightsideofthechart.com/dwt-swing-trade-idea/#comment-5598 Tue, 22 Jan 2019 15:22:12 +0000 https://rightsideofthechart.com/?p=189411#comment-5598 @rsotc since this has popped since the post was put out would you wait for a pullback to an objective level such as the bottom of that wedge around 10.20? Feels like chasing given that it’s up 9% already. Thanks.

]]> By: mjf100 https://rightsideofthechart.com/dwt-swing-trade-idea/#comment-5597 Tue, 22 Jan 2019 15:05:30 +0000 https://rightsideofthechart.com/?p=189411#comment-5597 Thanks Randy, could you provide the equivalent USO levels?

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