$USOIL Bearish Wolfe Wave
Updated
Hello Traders,
Similar to CL1! we have a bearish Wolfe Wave in USOIL. I would cautiously enter a short trade here with tight stops.
Similar to CL1! we have a bearish Wolfe Wave in USOIL. I would cautiously enter a short trade here with tight stops.
Comment
We could see 5' as a likely target here. Defined at 50.90. This level also completes an ab=cd pattern. Following Geo's Off-Set Rule that gives us a high probability target of 35.22
Comment
Hello Traders,The ab=cd pattern is almost complete. Look for a bearish move at 50.90
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