#USOIL before we celebrate the end of correction let me cast some options of what wave b can look like.
Note
I attempted to illustrate the perplexing diversity of possible outcomes. My only conclusion at this point is that, even if the outlook is correct, there will be a period of 'expected' uncertainty during which the price is unlikely to trend. However, there may be significant movements and bottom-picking opportunities. I would not recommend shorting because it would be against the trend and thus risky.Note
Note
Also there is a possibility of 3 type of triangles and 5 types of wxy combos and doublezigzag.
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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.