US Oil seems to have performed a daily correction process after the first rise. The initial pattern of a 4-hour bullish wave for a second rise now appears to be forming.
Therefore, if the first daily correction trend line of the daily upward wave below does not break, it can be a monthly correction process of the daily bullish pattern, so please aim for a Buy opportunity.
If the first daily correction trend line is broken, it takes more time because the monthly correction process of the weekly bullish pattern is in progress.
Therefore, if the first daily correction trend line of the daily upward wave below does not break, it can be a monthly correction process of the daily bullish pattern, so please aim for a Buy opportunity.
If the first daily correction trend line is broken, it takes more time because the monthly correction process of the weekly bullish pattern is in progress.
Trade active
The daily upward wave continues. Keep it as a goal until the monthly supply zone.
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.
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.