Is it too late to trade BP?

Well since the oil well is still gushing until at least August, I think there's more downside to BP. On the BP daily chart above, you can see where the explosion was on April 20th and how it played out. So you can see the first green circles of the %R setup bar and then it confirmaing a few days later. During this time, the ADX was already above 30 and rising steadily. So now I'm ready to trade. The next retest at #2 green circle was a good day to by a put. Look at the huge drop the next 2 days. This was a 100% or so profit in 2 days. So we wait until #3 green circle and bot another put. Boom, big profit. So guess what I'm doing now. You got it. Waiting for the next retest day and will try to buy a put at the end of the day if it looks as if it will close above the -80 on %R. Until then, we wait. Whenever this retest occurs, you should close out of the trade if you get a close above the high of the retest day.
Later.
Trader Dad!