I'm looking for the next leg lower in US Oil. This could either be a wave C lower towards 50.0. But we have to look at it step by step and I will update this post regularly.
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I'm looking for 'ideal' scenario's when trading. When it comes to US Oil the following is what I'm looking for.
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USOil moved as expected for the sell. Let's follow the structure lower to determine what's next.
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