WTI, Monthly, Could be a very radical SHORT

I admit, this is a really long shot. We are looking at the Monthly chart here. It has a pole and it's flagging out. If to follow textbooks, then, yep, SELL. But we need confirmation.

If we suddenly close below the Flag formation, then I would say SHORT to about $33, which could potentially form a DOUBLE BOTTOM.

Crazy? Maybe... But as crazy as this market. So anything could happen.

Just wanted to share this and see what other people think of it.

Kommentera:

14.05.2017 UPDATE - POSTPONED FOR NOW.

Kommentera:

18.05.2017 UPDATE - I THINK THIS MIGHT BE BACK IN THE GAME!