USOIL Update

Updated

#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.

Fomenka

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