Point&Figure On USOIL
Updated
Rounded to a 100 tick movement point&figure chart of USOIL. By the looks of it, oil is building up momentum @ $63 and 600 tick movement can be expected. At this point, odds favour oil moving lower towards $57 but this can change by EOW. Staying tuned for further tells.
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This method is primary used to calculate profit targets for positional entries.Disclaimer
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