Don't know what happened to my last post but here is the re-post.
Revised the count. USOIL is still following the path as outlined in my previous posts so no big change is needed.
USOIL won't stop the slide until seeing at least $48.28. On the other hand, I double this correction will be too deep (below $44) though.
Revised the count. USOIL is still following the path as outlined in my previous posts so no big change is needed.
USOIL won't stop the slide until seeing at least $48.28. On the other hand, I double this correction will be too deep (below $44) though.
Note
This chart works like a clock so far. Long should hold their positions. It's extremely unlikely USOIL will make any significant correction before seeing $53.
Major price point to watch: $53 and $60
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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.