Hello traders!
The main idea of USOIL is that we are inside a significant correction. Wave B(blue) of (B) of ((B)).
So, there are a lot of markup options here.
As I couldn't find an impulse wave down from 114 to 105, I guess it would be a zigzag A(blue) followed by a flat B(blue).
Small downtrend impulse and correction just also present.
On Monday I will be ready to open short position at the market opening. Of course, if there will not be a significant gap.
Have a nice week! And profitable trading!
The main idea of USOIL is that we are inside a significant correction. Wave B(blue) of (B) of ((B)).
So, there are a lot of markup options here.
As I couldn't find an impulse wave down from 114 to 105, I guess it would be a zigzag A(blue) followed by a flat B(blue).
Small downtrend impulse and correction just also present.
On Monday I will be ready to open short position at the market opening. Of course, if there will not be a significant gap.
Have a nice week! And profitable trading!
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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.