YongTung| USOIL: Elliott Wave OUTLOOK
Updated
Hello my friends, today I want to talk you about USOIL.
Please, read my previous article analysis:
I made a few conclusions about USOIL.
Currently the price bounced up from support level $71.60 (fibonacci 1.27 level).
At the moment USOIL is continue raising.
I expect that price can make a little correction to the resistance zone $84.70-$85.70 and then start to fall.
I set up my first target locate at $84.70 and $85.70 levels.
And I think USOIL will fall to previous low and fibonacci 1.618 support level $65.57 and hit $63.50 level an then start to raise.
Therefore I set up my second target at the previous low and support level $65.57.
Then, I think price will break resistance and go higher.
And I expect that there's an Elliot Impulse Wave to the local high and resistance level $93.25.
This is my opinion, I really hope it will be useful for you.
This is an article not financial advice, always do your own research.
And please don't forget to support this idea with your like and comment, It means a lot to me, thanks.
Be prepared and save your money. Make big profits!
Happy trading!
Please, read my previous article analysis:
I made a few conclusions about USOIL.
Currently the price bounced up from support level $71.60 (fibonacci 1.27 level).
At the moment USOIL is continue raising.
I expect that price can make a little correction to the resistance zone $84.70-$85.70 and then start to fall.
I set up my first target locate at $84.70 and $85.70 levels.
And I think USOIL will fall to previous low and fibonacci 1.618 support level $65.57 and hit $63.50 level an then start to raise.
Therefore I set up my second target at the previous low and support level $65.57.
Then, I think price will break resistance and go higher.
And I expect that there's an Elliot Impulse Wave to the local high and resistance level $93.25.
This is my opinion, I really hope it will be useful for you.
This is an article not financial advice, always do your own research.
And please don't forget to support this idea with your like and comment, It means a lot to me, thanks.
Be prepared and save your money. Make big profits!
Happy trading!
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