Presenting this USOIL short that may in place, if the price stays under $80. Gartley is now complete and a Barracuda is currently in play - taking the price down to just under $70. However on a weekly timeframe, we have the perfect AB (62 to 129) and CD (70 to 137) in place where the C point retracement was 0.886. So whiel the daily timeframe seems to show some retracement, the weekly timeframe is very bullish. But USOIL has a mind of it's own so stay careful, operate with caution.
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.