USOIL: Elliott Wave Analysis
Details: Wave 1 black (Cycle Degree) was completed at 67.68 as Impulse Wave and Wave 2 black (Cycle Degree) was completed at 87.60 as Double Zigzag. Wave 1 green (Primary Degree) was completed at 72.43 and prices have been developing and retracting to Wave 2 green (Primary Degree) as expecting target at Fibonacci Level 0.5-0.786
Invalidation Point: 72.43
Trading Opportunity: Wait for Wave 2 green (Primary Degree) complete and find a chance to entry the orders while price declines to Wave 3 green (Primary Degree)
Invalidation Point: 72.43
Trading Opportunity: Wait for Wave 2 green (Primary Degree) complete and find a chance to entry the orders while price declines to Wave 3 green (Primary Degree)
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.