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.
Note
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
Note
Hello Traders,The ab=cd pattern is almost complete. Look for a bearish move at 50.90
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Related publications
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.