Member Request: $CDEV

Strictly speaking, $CDEV is in a bear wedge here, but I do not believe this will be one that breaks down, but rather, I believe it is a coil that will propel it higher (given my outlook on the markets as a whole). Wave 5 may go as high as it would like, but I would be cautious as we approach the prior all-time highs as that is a predictable place for supply to enter the market and it would give the structure off the COVID lows just about a perfect “look.”

CDEV


Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.