USOIL LONG (short term)
Updated
It looks like USOIL is preparing to complete it's two month long correction phase. The pattern in question seems to be a zig-zag correction pattern tha consists of a 5 wave to form (a), 3 waves to form (b), and 5 final waves to complete (c).
I will be looking to ride wave 5 that will complete wave (c) and then start looking for longer term short opportunities.
Target: 84.400
Stay tuned below for trade progression updates
I will be looking to ride wave 5 that will complete wave (c) and then start looking for longer term short opportunities.
Target: 84.400
Stay tuned below for trade progression updates
Trade active
Trade active
Trade closed: stop reached
Partials taken and the rest were closed at break even. The move to the SL indicates an invalidation in the structure and a possible change in direction entirely.
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