USOIL - a wave count
This may be a possible wave count for USOil
With a price low in 1999 , wave 1 may of completed in 2008. Price 147 .
Then corrective waves a, b, c and completion of wave 2 by 2016 . Price 26.
Now maybe a Third Primary wave is in cycle with a corrective minor wave 2 ( an ABC movement) .
So looking ahead may the minor c wave corrects to the 618 of the impulsive minor wave 3.1 . If so , I am looking at Oil getting support around 45.
From there , over time , Oil to rise sharply to well over 100 a barrel..... I think the crown prince would like those apples....:)
With a price low in 1999 , wave 1 may of completed in 2008. Price 147 .
Then corrective waves a, b, c and completion of wave 2 by 2016 . Price 26.
Now maybe a Third Primary wave is in cycle with a corrective minor wave 2 ( an ABC movement) .
So looking ahead may the minor c wave corrects to the 618 of the impulsive minor wave 3.1 . If so , I am looking at Oil getting support around 45.
From there , over time , Oil to rise sharply to well over 100 a barrel..... I think the crown prince would like those apples....:)
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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.