USOIL in three expected patterns USOIL still in correction wave but the price can back again for testing the broken support... the most important thing is not closing down the daily trend line to complete this pattern.
Uwtic
USOIL !!USOIL since break the triangle I thought can go down around $43.3 but some thing happened to change direction, confused....
USOILTrying to target USOIL. Sooner or later the trade must end, trying to determine a top is tough. I see 2 scenarios. On the attached chart. EW 1-5 is clear with a target of $53.43. Also, I can see a smaller 12345 within current wave 3 (green dotted lines) which would have a top at $49.11. I'm leaning for both to be correct. a pullback shortly wiithin the red resistance zone, then a push higher to (5). That would also make a completion for the current move and AB=CD continuation to (5). Either way, OIL goes higher.
