2009 USOIL is running opposite with weekly direction.
Updated
Hello traders,
USOIL has been rising so long. And without any good news to push it up again, it could turn down for a correction.
It has made a bearish daily candlestick on Monday. It has made up to FIbo 1.414 position of daily WAVE A.
Now back for a correction, it could down to test FIBO 382-500-618.
But should wait for B position to confirm on 4H right chart.
GOOD LUCK ON THIS PLAN TO SELL FOR A CORRECTION.
LESS IS MORE!
USOIL has been rising so long. And without any good news to push it up again, it could turn down for a correction.
It has made a bearish daily candlestick on Monday. It has made up to FIbo 1.414 position of daily WAVE A.
Now back for a correction, it could down to test FIBO 382-500-618.
But should wait for B position to confirm on 4H right chart.
GOOD LUCK ON THIS PLAN TO SELL FOR A CORRECTION.
LESS IS MORE!
Note
Note
USOIL has not finished correction yet. It has been rising for such a long time.
A healthy correction could help it make a new high later but not now.
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Wechat: ziyuvera
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