Updated

USOIL understanding wave patterns

Hi Guys, Hope you are all having a great weekend. This chart shows USOIL in a daily consolidation. Looking at the structure as it is now will not give any confirmation of the end of the correction since the B wave could still be a complex pattern ,so only if we break the top and consolidate it will confirm the end of the pattern. In that case it will be a flat with a short C wave. If the B wave is complex then one more move down before the daily up impulse. For trading purpose , wait for break and consolidation to buy or one more down then buy. On lower time frame a possible sell setup if we get the one more down.

Enjoy your weekend
Thank you for your support.

Note

Note

If you are not in the sell wait for a flag

Note

anilmangal

YouTube: youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
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anilmangal

YouTube: youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: facebook.com/ProwaveTrader
Training : add to skype mangal457

Also on: