Hello Traders!
After so rapid falling on Tuesday there are a lot of scenarios available.
While USOIL is over 92.92, a bullish scenario is still active - continue correction in IV. Main markup is with a flat in ((B)) and IV as zigzag. In case of extended correction, wave IV can also be a triangle.
If price crosses 92.92 – wave (IV) will be active.
And also, it' s possible, that wave (IV) have already done.
Now I paused USOIL trading until my vision is clear. Will continue to observe and to look for consecutive impulse-zigzag patterns.
After so rapid falling on Tuesday there are a lot of scenarios available.
While USOIL is over 92.92, a bullish scenario is still active - continue correction in IV. Main markup is with a flat in ((B)) and IV as zigzag. In case of extended correction, wave IV can also be a triangle.
If price crosses 92.92 – wave (IV) will be active.
And also, it' s possible, that wave (IV) have already done.
Now I paused USOIL trading until my vision is clear. Will continue to observe and to look for consecutive impulse-zigzag patterns.
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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.
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.