USOIL - Long Term Wave Analysis
To me, it seems as if USOIL has found the top of Wave 3 at a lovely fib level and will now see a correction to create a wave 4, before shooting off to create a wave 5.
There's a wave 3 correction ahead which is usually rather rapid and brutal so watch out for it.
I'm going short until the 45 levels before, seeing out the tail of the move before loading up for wave 5.
Wave 4:
SL: 57
TP: 45
Wave 5:
SL:?
TP: 64-64
I'm very much a newbie to wave counting, so take it as that.
There's a wave 3 correction ahead which is usually rather rapid and brutal so watch out for it.
I'm going short until the 45 levels before, seeing out the tail of the move before loading up for wave 5.
Wave 4:
SL: 57
TP: 45
Wave 5:
SL:?
TP: 64-64
I'm very much a newbie to wave counting, so take it as that.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.