Source: thewavetrading: DTO (Crude Oil 2 x Short ETN): Potential Long Setup | The wave trading

I am monitoring a potential swing trade setup

Yesterday´s Inverted hammer is suggesting that DTO could be establishing a short term bottom, maybe a wave (A) off the December 11 peak.

If this is the case then DTO should begin a countertrend rebound wave (B) with a potential target in the range 42.28 – 43.50

But in order to expect a large rebound price has to close last Tuesday´s gap down at 40.50

Next in the 30 min chart we can see that on January 28 price could have completed a Triangle wave (B) which post thrust down may be on the verge of establishing a bottom with a potential bullish falling wedge (Ending Diagonal)

If today price confirms the ED then I might go long.