Gann Box
USOIL 3 Day Chart Here's a longer term outlook on USOIL with potential supply and demand areas. For now, oil is seemingly set to test the overhead supply area highlighted with fib horizontal levels and sloping-down angle lines. Depending on the reaction upon meeting these levels, the lower demand areas might come into play. Looking to add to short risk exposure for another bullish push before meeting resistance, where some short risk exposure reduction by the institionals is expected.
Correction way ideas based on gannAs we see bit hit the 19900 ATH and last major low 3150.
So we can use the cloned gann box from the pivot 3150 and see angles on it those are showing compressing triangles in passed half-box.
I mean permutation of effective angles. they may show a big correction way!
Hope it can be useful.Sorry for bad english :))
KAT - patiently waiting...we are still going down but buy signals are coming in. potential flip incoming...