USOIL warning for longs
- Cypher harmonic target reached, we are right now at .786 of C-X retracement
- 5 clear Elliott Waves to the upside, with wave 5 at .61 of waves 1-3.
- Large historical order block near this area.
I would adjust tight SLs if you jumped in at high prices just due to the Ukraine thing, in case we get a correction in the following weeks.
We still don't see any exhaustion candles on daily or weekly YET, just be careful.
- 5 clear Elliott Waves to the upside, with wave 5 at .61 of waves 1-3.
- Large historical order block near this area.
I would adjust tight SLs if you jumped in at high prices just due to the Ukraine thing, in case we get a correction in the following weeks.
We still don't see any exhaustion candles on daily or weekly YET, just be careful.
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